NOVONIX and Stellantis Sign Binding Offtake Agreement
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) e Stellantis hanno firmato un contratto vincolante per la fornitura di materiale in grafite sintetica ad alte prestazioni. L'accordo prevede la fornitura di tra 86.250 e 115.000 tonnellate di materiale ai partner di produzione di celle di Stellantis in Nord America dal 2026 al 2031. La fornitura proviene dallo stabilimento Riverside di NOVONIX e da un sito di espansione pianificato.
Lo stabilimento Riverside di NOVONIX, supportato da una sovvenzione del DOE di 100 milioni di dollari e da un credito d'imposta per investimenti di 103 milioni di dollari, inizierà la produzione commerciale nel 2025 con una capacità di 20.000 tonnellate all'anno. L'azienda prevede di costruire un nuovo stabilimento nel sud-est degli Stati Uniti con una capacità iniziale di 30.000 tpa, espandibile a 75.000 tpa, puntando a una produzione totale di 150.000 tpa.
NOVONIX (NASDAQ: NVX) y Stellantis han firmado un acuerdo de compra vinculante para material de grafito sintético de alto rendimiento. El acuerdo involucra el suministro de entre 86,250 y 115,000 toneladas de material a los socios de fabricación de celdas de Stellantis en América del Norte desde 2026 hasta 2031. El suministro provendrá de la instalación Riverside de NOVONIX y de un sitio de expansión planificado.
La instalación Riverside de NOVONIX, respaldada por una subvención del DOE de 100 millones de dólares y un crédito fiscal por inversiones de 103 millones de dólares, comenzará la producción comercial en 2025 con una capacidad de 20,000 toneladas por año. La empresa planea construir una nueva instalación en el sureste de EE. UU. con una capacidad inicial de 30,000 tpa, ampliable a 75,000 tpa, con un objetivo de producción total de 150,000 tpa.
NOVONIX (NASDAQ: NVX)와 Stellantis는 고성능 합성 그래파이트 자재에 대한 구속력 있는 구매 계약을 체결했습니다. 이 계약은 2026년부터 2031년까지 Stellantis의 북미 셀 제조 파트너에게 86,250톤에서 115,000톤의 자재를 공급하는 내용을 포함합니다. 공급은 NOVONIX의 Riverside 시설과 계획된 확장 사이트에서 이루어질 것입니다.
NOVONIX의 Riverside 시설은 1억 달러의 DOE 보조금과 1억 3백만 달러의 투자 세액 공제를 지원받아 2025년 상업 생산을 시작하며 연간 20,000톤의 생산 능력을 갖추게 됩니다. 이 회사는 미국 남동부에 초기 30,000 tpa 용량의 새로운 시설을 건설할 계획이며, 이를 75,000 tpa로 확장할 수 있으며, 총 150,000 tpa의 생산을 목표로 하고 있습니다.
NOVONIX (NASDAQ: NVX) et Stellantis ont signé un accord d'achat contraignant pour du matériel de graphite synthétique haute performance. L'accord prévoit la fourniture de 86 250 à 115 000 tonnes de matériel aux partenaires de fabrication de cellules de Stellantis en Amérique du Nord de 2026 à 2031. L'approvisionnement proviendra de l' installation Riverside de NOVONIX et d'un site d'expansion prévu.
L'installation Riverside de NOVONIX, soutenue par une subvention de 100 millions de dollars du DOE et un crédit d'impôt sur les investissements de 103 millions de dollars, commencera sa production commerciale en 2025 avec une capacité de 20 000 tonnes par an. L'entreprise prévoit de construire une nouvelle installation dans le sud-est des États-Unis avec une capacité initiale de 30 000 tpa, extensible à 75 000 tpa, visant une production totale de 150 000 tpa.
NOVONIX (NASDAQ: NVX) und Stellantis haben eine verbindliche Abnahmevereinbarung für leistungsstarkes synthetisches Graphitmaterial unterzeichnet. Der Deal umfasst die Lieferung von zwischen 86.250 und 115.000 Tonnen Material an die Zellfertigungspartner von Stellantis in Nordamerika von 2026 bis 2031. Die Lieferung erfolgt aus der Riverside-Anlage von NOVONIX sowie von einem geplanten Erweiterungsstandort.
Die Riverside-Anlage von NOVONIX, unterstützt durch einen Zuschuss des DOE in Höhe von 100 Millionen US-Dollar und einen Investitionssteuerkredit von 103 Millionen US-Dollar, wird 2025 mit einer Kapazität von 20.000 Tonnen pro Jahr die kommerzielle Produktion aufnehmen. Das Unternehmen plant, im Südosten der USA eine neue Anlage mit einer anfänglichen Kapazität von 30.000 tpa zu errichten, die auf 75.000 tpa erweiterbar ist, mit dem Ziel einer Gesamtproduktion von 150.000 tpa.
- Secured major binding offtake agreement for up to 115,000 tonnes of synthetic graphite
- Received US$100 million DOE grant and US$103 million investment tax credit
- First large-scale synthetic graphite production facility in North America
- Planned expansion to 150,000 tpa total production capacity
- Agreement can be terminated if production milestones are not met
- Commercial supply subject to mass production qualification and compliance criteria
- Significant capital requirements for planned facility expansion
Insights
This binding offtake agreement represents a significant milestone in North American battery supply chain development. The deal for
The market-based pricing formula provides revenue predictability while maintaining flexibility to adapt to market conditions. With Stellantis's commitment to
This agreement marks a important step in localizing the EV supply chain in North America. Synthetic graphite is a critical battery material currently dominated by Asian suppliers. NOVONIX's position as the first large-scale North American producer aligns perfectly with automotive industry needs and government initiatives to reduce dependency on foreign suppliers.
The timing is strategic, with production starting in 2025 and commercial supply in 2026, coinciding with accelerating EV adoption. The deal's structure, including qualification milestones and compliance criteria, reflects industry standard practices while providing Stellantis necessary quality assurances. This partnership significantly de-risks NOVONIX's expansion plans while supporting Stellantis' ambitious electrification targets.
- Offtake for NOVONIX’s high-performance synthetic graphite material to be supplied to Stellantis’ cell manufacturing partners in North America
- Agreement for up to a target volume of 115,000 tonnes of synthetic graphite material from 2026-2031
BRISBANE, Australia, Nov. 10, 2024 (GLOBE NEWSWIRE) -- NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX” or the “Company”), a leading battery materials and technology company, and Stellantis NV (“Stellantis”), a leading automotive company, today announced the signing of a binding offtake agreement for a minimum of 86,250 tonnes, up to a target volume of 115,000 tonnes of high-performance synthetic graphite material. The material will be supplied to Stellantis’ cell manufacturing partners in North America over a six-year term starting in 2026 from NOVONIX’s Riverside facility and a planned expansion site.
“We are excited to have Stellantis’ commitment, now as our largest customer, to support their North American EV growth plans,” says Dr. Chris Burns, CEO of NOVONIX. “This contract allocates the remainder of our available volumes at our Riverside facility and a portion of volumes to be produced at our planned greenfield facility. Offtake agreements with high-quality partners such as Stellantis solidify NOVONIX’s position as a leader in onshoring the supply chain of synthetic graphite and accelerating the adoption of clean energy.”
NOVONIX’s Riverside facility is poised to become the first large-scale production site dedicated to high-performance synthetic graphite for the battery sector in North America and is slated to begin commercial production in 2025, with plans to grow output to 20,000 tonnes per annum (“tpa”) to meet current customer commitments. Previously, the Company announced the U.S. Department of Energy (“DOE”) Office of Manufacturing and Energy Supply Chains (“MESC”) awarded the Company a US
The Company is also progressing plans to build a new production facility (in the southeastern United States) that will have an initial capacity of 30,000 tpa and plans to expand that facility to 75,000 tpa. NOVONIX remains in discussions with the DOE Loan Program Office (“LPO”) for an Advanced Technology Vehicles Manufacturing Program loan to support the construction of this new production facility. NOVONIX’s current plans call for total production to increase to at least 150,000 tpa of synthetic graphite material to accommodate anticipated customer demand.
Key Deal Terms
- Offtake commitment is for a minimum of 86,250 tonnes up to a target volume of 115,000 tonnes over the six-year term of the agreement.
- The price of synthetic graphite products sold by NOVONIX under the offtake agreement will be based on an agreed upon market-based price formula.
- The start of commercial supply is targeted for January 1, 2026, and the supply of high-performance synthetic graphite material under the agreement is subject to NOVONIX achieving agreed upon milestones regarding final mass production qualification and satisfying certain compliance criteria. If these milestones or requirements have not been satisfied, then Stellantis may terminate the agreement.
Stellantis is one of the world’s leading automakers with plans to invest more than
This announcement has been authorized for release by NOVONIX Chairman, Admiral Robert J. Natter, USN Ret.
About NOVONIX
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, is growing its high-performance synthetic graphite material manufacturing operations, and has developed a patented all-dry, zero-waste cathode synthesis process. Through advanced R&D capabilities, proprietary technology, and strategic partnerships, NOVONIX has gained a prominent position in the electric vehicle and energy storage systems battery industry and is powering a cleaner energy future.
To learn more, visit us at www.novonixgroup.com or on LinkedIn and X.
For NOVONIX Limited
Scott Espenshade, ir@novonixgroup.com (investors)
Stephanie Reid, media@novonixgroup.com (media)
Cautionary Note Regarding Forward-Looking Statements
This communication contains forward-looking statements about the Company and the industry in which we operate. Forward-looking statements can generally be identified by use of words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or other similar expressions. Examples of forward-looking statements in this communication include, among others, statements we make regarding meeting our target production capacity and scaling of production at our Riverside facility, our plans to build a new production facility and achieve initial and total production capacities, our efforts to finance this new production facility with a loan from the LPO, our estimate of future anticipated North American graphite demand and our plan to be a significant supplier of high-performance synthetic graphite to the North American market.
We have based such statements on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Such forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the timely deployment and scaling of our furnace technology, our ability to meet the technical specifications and demand of our existing and future customers, including Stellantis, the accuracy of our estimates regarding market size, expenses, future revenue, capital requirements, needs and access for additional financing, the availability and impact and our compliance with the applicable terms of government support, including the DOE MESC grant and, if obtained, the LPO loan, our ability to obtain patent rights effective to protect our technologies and processes and successfully defend any challenges to such rights and prevent others from commercializing such technologies and processes, and regulatory developments in the United States, Australia and other jurisdictions. These and other factors that could affect our business and results are included in our filings with the U.S. Securities and Exchange Commission (“SEC”), including the Company’s most recent annual report on Form 20-F. Copies of these filings may be obtained by visiting our Investor Relations website at www.novonixgroup.com or the SEC's website at www.sec.gov.
Forward-looking statements are not guarantees of future performance or outcomes, and actual performance and outcomes may differ materially from those made in or suggested by the forward-looking statements contained in this communication. Accordingly, you should not place undue reliance on forward-looking statements. Any forward-looking statement in this communication is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.
FAQ
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