NOVONIX and Stellantis Sign Binding Offtake Agreement [Yahoo! Finance]
NOVONIX Limited (NVX)
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Source: Yahoo! Finance
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 t
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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