Billion dollar battery factory closer to reality

Magnis Energy Technologies (ASX: MNS) has reported positive progress by Imperium3 Townsville (iM3 TSV) developing a business case for a $2 billion lithium-ion battery cell gigafactory in Townsville. Magnis is one third owner of Imperium which said findings supported the radid development in both the business case and technical solution for a 12 GWh production…