OXIS ENERGY ATTRACTS INVESTMENT FOR THE WORLD’S FIRST Li-S CELL MANUFACTURING PLANT

By February 12, 2019 November 4th, 2019 Press Releases

OXIS Energy Ltd UK (“OXIS”) has signed a contract with CODEMGE PARTICIPACOES SA, a public company incorporated in the city of Belo Horizonte in the state of Minas Gerais, Brazil to establish the world’s first digital manufacturing plant for the mass production of OXIS’ lithium sulfur cells. OXIS Energy Brazil Holdings will manage the plant.
CODEMGE’s US$60m investment will go towards the building of the plant in Belo Horizonte with Phase 1 having a cell capacity of 2 million cells per annum. Collaborating with Siemens Digital Factory, among others, the aim is to design a plant that will produce around 5m cells by the mid 2020s. OXIS expects to complete Phase 1 in 2022.
The OXIS Li-S cells will be developed, designed and produced to meet the demands of three sectors – aviation, defence and electric vehicles such as buses, trucks and light commercial vehicles, reflecting the clients currently in partnership with OXIS.