Welcome to our dedicated page for NOVONIX news (Ticker: NVNXF), a resource for investors and traders seeking the latest updates and insights on NOVONIX stock.
NOVONIX is a leading battery technology company revolutionizing the global lithium-ion battery industry with innovative, sustainable technologies, high-performance materials, and more efficient production methods. The company manufactures industry-leading battery cell testing equipment, operates a high precision cell test lab, and offers cell testing services and materials development. NOVONIX's Riverside facility aims to be North America's first large-scale production site of high-performance synthetic graphite for batteries, with plans to scale to meet demand. The company has received substantial government funding to support its expansion and localization efforts in the battery supply chain.
NOVONIX (NASDAQ: NVX) has joined other American Active Anode Material Producers (AAAMP) in filing a trade case with the U.S. Department of Commerce against China's unfair graphite pricing practices. The petition alleges that China, which controls 95% of the battery-grade graphite market, is exporting artificially cheap graphite, potentially harming domestic producers with dumping margins up to 920%.
NOVONIX's Riverside facility in Chattanooga, Tennessee, is set to become North America's first large-scale synthetic graphite production site for batteries, with commercial production starting in 2025 and planned output of 20,000 tonnes annually. The company has secured significant government support, including a $100 million DOE grant, a $103 million investment tax credit, and a conditional commitment for a $754.8 million DOE loan for a proposed new facility.
NOVONIX (NASDAQ: NVX) has received a conditional commitment from the U.S. Department of Energy for a $754.8 million loan to partially finance a new synthetic graphite manufacturing facility in Chattanooga, Tennessee. The facility will produce 31,500 tonnes per annum of synthetic graphite, supporting battery production for approximately 325,000 EVs annually.
The facility is expected to reach full production capacity by end of 2028, creating 450 full-time operational jobs and 500 construction jobs. The loan includes $692 million in principal and $62.8 million in capitalized interest, structured in two tranches with 15-year and 10-year terms. NOVONIX has already secured binding offtake agreements with Panasonic Energy, Stellantis, and PowerCo.
NOVONIX (NASDAQ: NVX) has announced a strategic partnership with Gamry Instruments to integrate Electrochemical Impedance Spectroscopy (EIS) technology with NOVONIX's Ultra-High Precision Coulometry (UHPC) system. The collaboration enables automated EIS measurements during experiments, eliminating the need to remove cells from UHPC for separate testing.
The integration involves connecting both the UHPC Channel Module and Gamry EIS box to a NOVONIX Thermal Chamber through a new interconnect cable. Compatible Gamry devices include EISBOX 5000, EISBOX 1010, Interface 1010, Interface 5000, and IMX8 Multiplexer. NOVONIX will distribute Gamry products as part of integrated UHPC systems globally, with existing customers receiving free software updates but requiring new UHPC cables.
NOVONIX (NASDAQ: NVX, ASX: NVX) announced three upcoming investor events in December 2024. The company will host an investor presentation and site tour at its Chattanooga facilities on December 5th, with CEO Dr. Chris Burns presenting. Additionally, Dr. Burns will participate in the Jefferies Battery Storage & Materials Virtual Conference on December 13th and a Deutsche Bank Fireside Chat on December 17th. Presentation materials and webcast links will be available on NOVONIX's investor relations website.
NOVONIX and PowerCo SE have signed a binding offtake agreement for a minimum of 32,000 tonnes of high-performance synthetic graphite material to be supplied from 2027-2031. PowerCo, established by Volkswagen in 2022, operates three gigafactories with a combined capacity of 200 GWh/year. NOVONIX's Riverside facility will begin commercial production in 2025, targeting 20,000 tonnes per annum output. The company received a US$100 million DOE grant and US$103 million investment tax credit for the facility. NOVONIX plans a second facility in the southeastern US with initial 30,000 tpa capacity, expandable to 75,000 tpa, aiming for total production of 150,000 tpa.
NOVONIX (NASDAQ: NVX) and Stellantis have signed a binding offtake agreement for high-performance synthetic graphite material. The deal involves supplying between 86,250 and 115,000 tonnes of material to Stellantis' North American cell manufacturing partners from 2026 to 2031. The supply will come from NOVONIX's Riverside facility and a planned expansion site.
NOVONIX's Riverside facility, supported by a US$100 million DOE grant and US$103 million investment tax credit, will begin commercial production in 2025 with a 20,000 tonnes per annum capacity. The company plans to build a new facility in the southeastern US with an initial 30,000 tpa capacity, expandable to 75,000 tpa, targeting total production of 150,000 tpa.
NOVONIX (NASDAQ: NVX, ASX: NVX) and ICoNiChem Widnes have signed a Joint Collaboration Agreement to develop nickel-based cathode active materials (CAM). The project, selected for funding under the 2024 Canada-UK critical minerals call, aims to improve the sustainability of NOVONIX's all-dry, zero-waste technology by incorporating recycled metal feedstock.
NOVONIX Battery Technology Solutions Inc. will receive up to CAD $127,928 in funding from NRC IRAP, while ICoNiChem receives support through Innovate UK. The 2-year project has a total budget of CAD $515,686. NOVONIX will use its patented process to synthesize, test, and analyze CAM incorporating ICoNiChem's recycled cobalt and nickel. The collaboration aims to advance sustainable solutions, reduce cathode processing costs, and strengthen the critical mineral supply chain across North America, the UK, and beyond.
Voltaiq, a leading battery analytics software provider, and NOVONIX (NASDAQ: NVX, ASX: NVX), a battery materials and technology company, have announced a strategic partnership to enhance efficiency and quality in the battery industry. The collaboration aims to optimize global battery development and production by integrating Voltaiq's advanced analytics platform with NOVONIX's Ultra-High Precision Coulometry (UHPC) equipment and expertise in battery R&D and materials development.
Key aspects of the partnership include:
- Integration of Voltaiq's analytics into NOVONIX's battery materials development programs
- Enhanced quality control and defect detection in gigafactories and research labs
- Improved efficiency in battery development cycles, leading to faster time-to-market
This partnership is expected to drive innovation, improve product quality, and accelerate the development of next-generation battery technologies in an increasingly competitive global market.
NOVONIX (NASDAQ: NVX, ASX: NVX), a leading battery materials and technology company, has announced two upcoming events:
1. The release of its Quarterly Activities Report for the quarter ended September 30, 2024, on Wednesday, October 30, 2024. CEO Dr. Chris Burns will provide prepared remarks on the quarter. The webcast and presentation materials will be available at 8:30 am AEDT on October 30, or 5:30 pm EDT on October 29 for U.S. interested parties.
2. Participation in the OTC Small Cap Growth Virtual Investor Conference on October 10, 2024, at 10:00 am EDT (New York).
Webcast links and presentation materials for both events will be available on the NOVONIX investor relations website.
NOVONIX (NASDAQ: NVX, ASX: NVX), a leading battery materials and technology company, has announced its participation in the upcoming H.C. Wainwright 26th Annual Global Investment Conference. The event is scheduled to take place on September 10th and 11th, 2024 in New York, NY. NOVONIX will make presentation materials available on its investor relations website prior to the event. This announcement was authorized for release by NOVONIX Chairman, Admiral Robert J. Natter, USN Ret.
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