Magnis agrees to electric hypercar battery deal

Australia-based lithium-ion battery cell developer Magnis Resources has agreed to develop battery technology for UK-based electric hypercar manufacturer Dendrobium.

The four-party agreement includes Magnis, Dendrobium Automotive, Dendrobium Advanced Technologies and Charge CCCV. It focuses on producing next generation, high performance batteries, including semi-sold state batteries from technology developed by Magnis and Charge CCV.

Areas of co-operation in the agreement include battery packaging solutions, battery hybrid systems, battery management software, battery performance testing and battery development materials.

Dendrobium Automotive is an electric vehicle and plug-in hybrid vehicle development and production company with an all-electric hypercar, which has been further engineered by Williams Advanced Engineering, part of the Williams Formula 1 group.

"Dendrobium will be producing high performance electric cars and drive trains for third parties so today's agreement is impressive and great step forward for us," said Dendrobium chief executive Nigel Gordon-Stewart.