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Magnis’ subsidiary iM3 receives A$110m to accelerate gigawatt-scale battery plant in NY

Magnis Energy Technologies' subsidiary, iM3NY, has received US$85 million (A$110 million) in funding to fast-track production at the lithium-ion battery plant located in Endicott,...
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Responding to manufacturing demand and performance signals

Australian manufacturers are navigating a challenging environment. Just as output had returned to growth, higher fuel and freight costs, rising input prices and global supply chain disruption renewed pressure on margins and cash flow.