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 Limited reports developments in advanced battery materials, synthetic graphite production and battery technology. Company news centers on its North American anode materials operations in Chattanooga, including the Riverside project, commercial-grade synthetic graphite production, battery cell testing equipment and its patented all-dry, zero-waste cathode synthesis process.
Recurring updates also cover U.S. trade actions affecting battery-grade graphite and anode active materials, tax-credit certifications for advanced energy projects, material agreements, shareholder voting matters, governance items and capital-structure disclosures for the foreign issuer and its traded securities.
NOVONIX (NASDAQ: NVX) has completed the sale of its NOVONIX Battery Technology Solutions (BTS) business to former CEO Dr. Chris Burns for a transaction price of US$1.00.
NOVONIX receives a 15% equity stake in the cathode business (Dryve Battery Materials), BTS cash at close was US$2M subject to adjustments, and NOVONIX will provide transition services plus a trademark license through 31 December 2026. The move is presented as refocusing management and capital toward a vertically integrated North American synthetic graphite supply chain.
NOVONIX (NASDAQ: NVX) received U.S. certification for US$103 million of Section 48C tax credits for its Riverside synthetic graphite facility. The credits vest when the first 11,000 tpa of capacity is placed in service before 7 April 2028, and may be sold to third parties.
The company will continue engineering, materials development and financing activities as it advances the project.
NOVONIX (NASDAQ: NVX) acknowledged U.S. Department of Commerce final determinations imposing combined antidumping and countervailing duties that raise total tariffs on Chinese anode active materials (AAM) to at least 160%, subject to a March 2026 U.S. International Trade Commission (ITC) material-impediment finding.
Key details: antidumping duties of 93.5% (specified companies) and 102.72% (China-wide); countervailing duties of 66.82%–66.86%; duties remain unless revoked and will be reviewed every five years. Previously imposed 25% and 20% tariffs remain in effect.
NOVONIX (NASDAQ: NVX) has achieved a significant manufacturing milestone by delivering its first mass production, commercial-grade synthetic graphite sample to a major North American carbon processor. The sample, produced using NOVONIX's proprietary continuous graphitization furnace technology, targets industrial applications.
The company's Riverside facility is set to become North America's first large-scale synthetic graphite production site for battery, defense, and industrial sectors, with mass production beginning in 2026 for lead customer Panasonic. Combined with the planned Enterprise South location, NOVONIX's total production capacity will exceed 50,000 tonnes per year.
NOVONIX (NASDAQ: NVX) has secured a funding agreement with Yorkville Advisors Global for up to US$100 million in convertible debentures, which will provide the company with net proceeds of up to US$95 million. The funding will support the expansion of NOVONIX's Riverside facility in Chattanooga, Tennessee.
The agreement includes three tranches: a US$24.5 million first tranche, a US$35.5 million second tranche subject to shareholder approval, and a potential additional US$40 million tranche by mutual agreement. The facility will begin shipping commercial-grade synthetic graphite later this year, with mass production starting next year for lead customer Panasonic.
The Riverside facility will be North America's first large-scale synthetic graphite production site, with a capacity of 20,000 tonnes per annum. Combined with the planned Enterprise South location, NOVONIX's total production capacity will exceed 50,000 tonnes per annum in Chattanooga.
NOVONIX (NASDAQ: NVX) welcomes the U.S. Department of Commerce's preliminary determination to impose 93.5% antidumping tariffs on Chinese graphite anode active material (AAM). Combined with existing tariffs, the total effective tariff rate reaches 160%, including previously announced countervailing duty of 11.5%, 30% blanket tariffs, and 25% Section 301 tariffs.
The company's Riverside facility in Chattanooga is set to become North America's first large-scale synthetic graphite production site for battery, defense, and industrial sectors. With its existing Riverside facility scaling to 20,000 tonnes per annum and the planned Enterprise South location, NOVONIX's total production capacity will exceed 50,000 tonnes per annum in Chattanooga.
NOVONIX has secured a definitive agreement to purchase a 182-acre parcel in Enterprise South Industrial Park, Chattanooga, Tennessee, for approximately US$5 million. The company plans to establish its second synthetic graphite facility with an initial production capacity of 31,500 tonnes per annum (tpa).
The new facility is expected to create 450-500 full-time jobs. Combined with its existing Riverside facility's 20,000 tpa capacity, NOVONIX's total production will exceed 50,000 tpa in Chattanooga. The company will receive roughly US$54 million in tax and other benefits over 15 years from local authorities.
The purchase completion is contingent upon satisfying conditions related to a US$754 million loan from the U.S. Department of Energy's Loan Programs Office. Additionally, NOVONIX has expanded its educational partnership with Lookout Valley Middle High School through the NOVONIX Institute of Advanced Battery Technology, supporting STEM education in battery technology.
NOVONIX (NASDAQ: NVX) has appointed Michael O'Kronley as Chief Executive Officer, effective May 19, 2025. O'Kronley brings over 30 years of automotive experience, including 15 years in the Lithium-ion battery and battery materials sector. As former CEO of Ascend Elements, he increased the company's enterprise value by US$1.6 Billion in 5 years.
The appointment comes as NOVONIX aims to strengthen its position in onshoring the graphite supply chain in North America. O'Kronley succeeds Robert Long, who served as Interim CEO since January 2025 and will return to his role as Chief Financial Officer.
NOVONIX (NASDAQ: NVX) has received unanimous approval from Chattanooga and Hamilton County to purchase a 182-acre parcel for its second mass production plant (Enterprise South) for US$4.6 million. The company will receive approximately US$54 million in tax benefits over 15 years.
The Enterprise South facility is expected to reach 31,500 tonnes per annum (tpa) capacity by 2028 and create 500 jobs. Combined with the existing Riverside facility (20,000 tpa), total production capacity will exceed 50,000 tpa in Chattanooga by 2028.
The expansion is supported by a US$754.8 million conditional DOE loan commitment. The Riverside facility, set to begin commercial production in early 2026, has received a US$100 million DOE grant and US$103 million investment tax credit. NOVONIX has secured binding offtake agreements with Panasonic Energy, Stellantis, and PowerCo, utilizing full production capacity at Riverside and necessitating the Enterprise South expansion.