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NOVONIX Signs Binding Offtake Agreement with Stellantis for EV Battery Materials Supply

Nov 10, 2024•over 1 year ago

Contract Type

agreement

ChattanoogaManufacturingRenewable Energy

Description

NOVONIX Limited has signed a binding offtake agreement with Stellantis NV for the supply of high-performance synthetic graphite material to be provided to Stellantis’ cell manufacturing partners in North America. The agreement entails a target volume of up to 115,000 tonnes from 2026 to 2031, solidifying NOVONIX’s position as a leader in onshoring the supply chain of synthetic graphite and accelerating the adoption of clean energy.

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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