Welcome to our dedicated page for NOVONIX news (Ticker: NVNXF), a resource for investors and traders seeking the latest updates and insights on NOVONIX stock.
NOVONIX Limited reports developments in advanced battery materials, synthetic graphite production and battery technology. Company news centers on its North American anode materials operations in Chattanooga, including the Riverside project, commercial-grade synthetic graphite production, battery cell testing equipment and its patented all-dry, zero-waste cathode synthesis process.
Recurring updates also cover U.S. trade actions affecting battery-grade graphite and anode active materials, tax-credit certifications for advanced energy projects, material agreements, shareholder voting matters, governance items and capital-structure disclosures for the foreign issuer and its traded securities.
NOVONIX Limited (ASX: NVX, OTC: NVNXF) announced a letter of intent to enter into investment and supply agreements with KORE Power. If approved, NOVONIX will acquire a 5% stake in KORE Power and will become the exclusive supplier of graphite anode materials to KORE’s U.S. battery cell manufacturing facility. The partnership aims to strengthen the North American battery supply chain while reducing reliance on foreign materials. NOVONIX plans to produce 10,000 metric tons of synthetic graphite annually by 2023, expanding to 150,000 mt/year by 2030.
Phillips 66 (NYSE: PSX) and NOVONIX Limited (ASX: NVX, OTC: NVNXF) have entered a technology development agreement to enhance production of advanced anode materials for lithium-ion batteries. This collaboration follows Phillips 66's 16% investment in NOVONIX in 2021, aiming at scaling production and supporting the U.S. battery supply chain. The partnership will focus on manufacturing high-capacity synthetic graphite to improve battery performance while reducing costs and environmental impact.
NOVONIX Limited (ASX: NVX, OTCQX: NVNXF) has initiated the process to list on the Nasdaq Stock Market, filing a Form 20-F with the SEC. This Level II American Depository Receipt (ADR) program aims to broaden NOVONIX’s investor base in the U.S. while continuing to trade on the ASX. Each ADR will represent four ordinary shares of NOVONIX. The program, which will be administered by BNY Mellon, is part of the company’s strategy to enhance its visibility to North American institutional investors. However, no final decision from the SEC regarding the listing has been made yet.
NOVONIX (ASX: NVX, OTCQX: NVNXF) has announced preliminary results from an independent life cycle assessment (LCA) conducted by Minviro, indicating that its GX-23 synthetic graphite anode material could reduce CO2 emissions by approximately 60% compared to similar products from China. This assessment highlights the environmental benefits of NOVONIX's production methods, with the potential for the material to be 2.5 times more environmentally friendly.
NOVONIX aims to scale production capacity to 150,000 metric tons annually by 2030, emphasizing sustainability in battery material manufacturing.
Phillips 66 (NYSE: PSX) has announced its agreement to acquire a 16% stake in NOVONIX Limited (ASX: NVX, OTC: NVNXF) for US$150 million. This investment aims to bolster the U.S. battery supply chain and supports NOVONIX’s capacity expansion to produce synthetic graphite, crucial for lithium-ion batteries. The deal involves Phillips 66 subscribing to 77,962,578 ordinary shares and will allow them to nominate one director on NOVONIX's Board. The investment aligns with Phillips 66’s commitment to lower-carbon solutions and is subject to NOVONIX shareholders' approval.