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, ASX: NVX) announced that CFO Nick Liveris will transition to a non-executive role on the Board of Directors. The search for a new CFO has commenced, and the appointee will work with Mr. Liveris to ensure a smooth transition. Mr. Liveris will retire from his current position to focus on the Liveris Family Office but will continue supporting NOVONIX. His move to a non-executive role allows NOVONIX to retain his expertise. CEO Dr. Chris Burns acknowledged Mr. Liveris' contributions in strengthening the company's position in the battery materials market.
NOVONIX (NASDAQ: NVX, ASX: NVX), a leading battery materials and technology company, announced the successful completion of due diligence for a strategic merger with Lithium Energy 's (ASX: LEL) natural graphite interests. The merger will create Axon Graphite , combining NOVONIX's Mount Dromedary graphite exploration and LEL's Burke and Corella graphite projects. NOVONIX will receive shares in Axon, which is planned to be listed on the Australian Securities Exchange (ASX). The transaction is contingent on Axon's initial public offering (IPO) and its ASX listing approval. This announcement was authorized by NOVONIX Chairman, Admiral Robert J. Natter, USN Ret.
NOVONIX (NASDAQ: NVX, ASX: NVX) and PowerCo SE, a Volkswagen Group battery cell company, have signed a non-exclusive Testing and Development Agreement (TDA). Under this TDA, NOVONIX will develop, test, and analyze synthetic graphite anode materials to meet PowerCo's needs. If the development proves successful, the two companies may enter into a supply agreement.
PowerCo, established by Volkswagen in 2022, aims to lead global battery cell production and has plans for three gigafactories in Germany, Spain, and Canada with a combined capacity of up to 200 GWh/year. The collaboration focuses on the St. Thomas gigafactory to boost the North American battery materials supply chain.
NOVONIX is developing North America's first large-scale synthetic graphite production facility, targeting production by late 2024 and scaling to 20,000 tonnes annually, with future expansion to 150,000 tonnes. NOVONIX has received US$100 million in grant funding and US$103 million in tax credits to support this expansion.
NOVONIX (NVX) announces its participation in several investor events in May 2024. The executive team will attend conferences like Canaccord Genuity, Citi, J.P. Morgan, and CGS-CIMB to showcase the company's battery materials and technology. Presentation materials and webcast links will be available on the investor relations website.
FAQ
What is the current stock price of NOVONIX (NVNXF)?
What is the market cap of NOVONIX (NVNXF)?
What does NOVONIX specialize in?
What services does NOVONIX offer?
Where is NOVONIX's Riverside facility located?
What government funding has NOVONIX received?
What is NOVONIX's focus in the battery industry?
Who leads NOVONIX?
What is NOVONIX's significance in the battery supply chain?
How does NOVONIX contribute to the development of sustainable technologies?
What sets NOVONIX apart in the battery industry?
What are NOVONIX's future plans?
