MNS has been focusing on three areas of research - Batteries, Gigafactories and Graphite. The company announced success in the battery R&D on 11/9/2020

Battery development:

• Strong IP with a world class technical and development team positions Magnis at the forefront of battery technologies.
• Currently, over 1000 charges have been conducted, with the capacity to maintain the battery above an 80 per cent charge rate
• The plan is to remove 500,000 metric tons of carbon dioxide every year from New York city's metro area

Gigafactory Dev:

• Lithium-ion battery cell gigafactories are currently being primed for development in New York and Townsville (Australia).
• Magnis has also begun its 12-month demonstration program in New York, which will see the batteries installed on New York City bus routes

• Magnis Energy Technologies consortium received approval for feasibility study on $3b lithium-ion battery plant in Townsville.

Graphite 

The 100% owned Nachu Graphite Project in South East Tanzania can produce super jumbo flake graphite for use in anodes.