NOVONIX and PowerCo SE Sign Binding Offtake Agreement
NOVONIX Limited (NVX)
NASDAQ:AMEX Investor Relations:
nuveen.com/cef/product/overview.aspx?fundcode=nac
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Source: GlobeNewswire
Offtake for a minimum of 32,000 tonnes of NOVONIX’s high-performance synthetic graphite material to be supplied to PowerCo from 2027-2031 BRISBANE, Australia, Nov. 24, 2024 (GLOBE NEWSWIRE) -- NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX” or the “Company”), a leading battery materials and technology company, and PowerCo SE (“PowerCo”), today announced the signing of a binding offtake agreement for a minimum of 32,000 tonnes of high-performance synthetic graphite material. The material will be supplied to PowerCo over a five-year term starting in 2027. Established by Volkswagen in 2022, PowerCo is committed to ramp-up global battery cell production. PowerCo oversees international factory operations, advances in cell technology, and vertical integration of the battery value chain. PowerCo has identified three gigafactory locations – Salzgitter in Germany, Valencia in Spain, and St. Thomas in Canada - with a combined capacity of up to 200 GWh/year. NOVONIX and PowerCo previously
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News
- Graphite Market worth $36.40 billion by 2030, at a CAGR of 15.1%, says MarketsandMarkets™ [Yahoo! Finance]Yahoo! Finance
- American Graphite Producers File Trade Case with U.S. Government Over Anticompetitive Graphite Prices on Chinese ExportsGlobeNewswire
- Australian Graphite Maker Jumps on $755 Million Loan From US [Yahoo! Finance Canada]Yahoo! Finance Canada
- US backs graphite factory to loosen China’s EV supply chain grip [Financial Times (FT.com) (UK)]Financial Times
- Australian Graphite Maker Jumps on $755 Million US Plant Funding [Yahoo! Finance]Yahoo! Finance
NVX
Sec Filings
- 12/26/24 - Form 6-K
- 12/26/24 - Form 6-K
- 12/20/24 - Form S-8
- NVX's page on the SEC website