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.
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NOVONIX Limited (NVX) and Panasonic Energy Co., Ltd. signed a binding off-take agreement for high-performance synthetic graphite to be supplied to Panasonic Energy’s North American operations from NOVONIX’s Riverside facility. The agreement is for 10,000 tonnes of synthetic graphite from 2025-2028, aiming to meet the increased demand for electric vehicle (EV) batteries in North America. The Inflation Reduction Act provides significant potential benefits to companies building the local supply chain for batteries and battery materials. NOVONIX’s Riverside facility is set to become the first large-scale production site dedicated to high-performance synthetic graphite for the battery sector in North America. The U.S. Department of Energy awarded US$100 million in grant funding towards the expansion of Riverside through the Bipartisan Infrastructure Law to strengthen the local supply chain.
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NOVONIX Limited has appointed Sharan Burrow AC to its Board of Directors, effective 28 February, 2024. Ms. Burrow is a global leader in creating thriving workplaces with responsible governance and is known for her international advocacy on employment, human rights, and climate action. Her involvement in global policy dialogues with various organizations brings unique expertise to the NOVONIX Board. The company's Chairman, Robert J. Natter, expressed delight in welcoming Ms. Burrow and recognized her extensive experience and outstanding qualifications. Ms. Burrow also expressed excitement about collaborating with the Board to further the company's vision of providing clean energy solutions to the battery industry.
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NOVONIX Limited (NVX) is set to release its fourth quarter 2023 Quarterly Activities Report on January 30, 2024. Dr. Chris Burns, CEO, will provide remarks on the quarterly activities for the quarter ended December 31, 2023. The webcast and presentation will be available on the NOVONIX investor relations website. The announcement has been authorized by NOVONIX Chairman, Admiral Robert J. Natter, USN Ret.
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NOVONIX Limited (NASDAQ: NVX, ASX: NVX) announced the resignation of Daniel Akerson from the Company’s Board of Directors, citing personal reasons. Mr. Akerson had been a strong contributor to the Board, playing a key role in guiding the Company through scaling its anode materials operation and shaping its strategic direction.
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NOVONIX Limited (NASDAQ: NVX, ASX: NVX) is set to participate in upcoming investor events in December 2023, including Janney Montgomery Scott Clean Energy Investment Symposium, Chardan’s Battery Technology Virtual Conference Series, and Bank of America Battery Tech Mini-Conference. The executive team will be available for one-on-one and group investor meetings during the conferences, with presentation materials and webcast links available on the NOVONIX investor relations website.
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NOVONIX announces $100 million grant award from the U.S. Department of Energy to expand graphite anode materials production at its Riverside facility in Chattanooga, Tennessee. The funding will support the installation of equipment to increase production capacity to 20,000 tpa. The grant is part of the Bipartisan Infrastructure Law and aims to strengthen the U.S. battery supply chain.
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NOVONIX Limited has announced that its NOVONIX Anode Materials division has received a $100 million grant award from the U.S. Department of Energy (DOE) to expand domestic production of high-performance, synthetic graphite anode materials at its Riverside facility in Chattanooga, Tennessee. The funding will support the doubling of production capacity to 20,000 tonnes per annum (tpa) at the existing facility. The grant is part of the Bipartisan Infrastructure Law (BIL) aimed at establishing a North American battery supply chain.
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NOVONIX Limited announces participation in upcoming investor events in October 2023.
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NOVONIX Limited will host a webcast on October 5th to provide a business update and discuss recent operational milestones, including progress in growing its high-performance synthetic graphite anode material manufacturing operations in North America.
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NOVONIX receives CAD$3 million in research and development funding for battery materials and technology projects
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FAQ
What is the current stock price of NOVONIX (NVNXF)?
The current stock price of NOVONIX (NVNXF) is $0.55 as of October 15, 2024.
What is the market cap of NOVONIX (NVNXF)?
The market cap of NOVONIX (NVNXF) is approximately 265.8M.
What does NOVONIX specialize in?
NOVONIX specializes in battery technology, high-performance materials, and efficient production methods for the lithium-ion battery industry.
What services does NOVONIX offer?
NOVONIX offers cell testing services, operates a high precision cell test lab, and provides materials development services.
Where is NOVONIX's Riverside facility located?
NOVONIX's Riverside facility is located in North America and aims to become the region's first large-scale production site of high-performance synthetic graphite for batteries.
What government funding has NOVONIX received?
NOVONIX has received substantial government funding, including a US$100 million grant from the U.S. Department of Energy and US$103 million in Qualifying Advanced Energy tax credits, to support its expansion and localization efforts in the battery supply chain.
What is NOVONIX's focus in the battery industry?
NOVONIX aims to revolutionize the lithium-ion battery industry through innovative technologies, sustainable practices, and efficient production methods.
Who leads NOVONIX?
Dr. Chris Burns is the CEO of NOVONIX, overseeing the company's advancements in battery technology, materials development, and production processes.
What is NOVONIX's significance in the battery supply chain?
NOVONIX holds a prominent position in the electric vehicle and energy storage systems battery industry, driving innovation and sustainability in battery materials manufacturing.
How does NOVONIX contribute to the development of sustainable technologies?
NOVONIX's high precision testing equipment, materials development services, and synthetic graphite production support the development and adoption of sustainable battery technologies.
What sets NOVONIX apart in the battery industry?
NOVONIX's expertise in battery testing, materials development, and high precision chargers positions the company as a leader in the lithium-ion battery industry.
What are NOVONIX's future plans?
NOVONIX plans to expand its production capacity, strengthen its localization efforts in the battery supply chain, and continue driving innovation and sustainability in battery materials manufacturing.
NOVONIX LTD
Nasdaq:NVNXF
NVNXF Rankings
NVNXF Stock Data
265.84M
371.09M
22.7%
7.87%
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