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NOVONIX Finalizes Purchase and Sale Agreement for Enterprise South Land

Apr 29, 2025•about 1 year ago

Contract Type

agreement

ChattanoogaManufacturingRenewable Energy

Description

NOVONIX has executed a definitive agreement to purchase a 182-acre parcel in the Enterprise South Industrial Park in Chattanooga, Tennessee, for approximately US$5 million. The land will be used for the site of NOVONIX's second facility of high-performance synthetic graphite, with an expected initial production capacity of 31,500 tonnes per annum and the creation of 450 to 500 full-time jobs. In addition, NOVONIX has expanded its partnership with Lookout Valley Middle High School through the NOVONIX Institute of Advanced Battery Technology as part of Hamilton County Schools' Future Ready Institutes.

Company Information

Company

NOVONIX

Location

Chattanooga, Tennessee, United States

About

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.

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