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NOVONIX Limited (NVX) is a leader in advanced battery materials and lithium-ion technology, driving innovation across graphite exploration, sustainable manufacturing, and energy storage solutions. This page serves as the definitive source for official company announcements, financial updates, and strategic developments shaping the global battery industry.
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NOVONIX has secured a definitive agreement to purchase a 182-acre parcel in Enterprise South Industrial Park, Chattanooga, Tennessee, for approximately US$5 million. The company plans to establish its second synthetic graphite facility with an initial production capacity of 31,500 tonnes per annum (tpa).
The new facility is expected to create 450-500 full-time jobs. Combined with its existing Riverside facility's 20,000 tpa capacity, NOVONIX's total production will exceed 50,000 tpa in Chattanooga. The company will receive roughly US$54 million in tax and other benefits over 15 years from local authorities.
The purchase completion is contingent upon satisfying conditions related to a US$754 million loan from the U.S. Department of Energy's Loan Programs Office. Additionally, NOVONIX has expanded its educational partnership with Lookout Valley Middle High School through the NOVONIX Institute of Advanced Battery Technology, supporting STEM education in battery technology.
NOVONIX (NASDAQ: NVX) has appointed Michael O'Kronley as Chief Executive Officer, effective May 19, 2025. O'Kronley brings over 30 years of automotive experience, including 15 years in the Lithium-ion battery and battery materials sector. As former CEO of Ascend Elements, he increased the company's enterprise value by US$1.6 Billion in 5 years.
The appointment comes as NOVONIX aims to strengthen its position in onshoring the graphite supply chain in North America. O'Kronley succeeds Robert Long, who served as Interim CEO since January 2025 and will return to his role as Chief Financial Officer.
NOVONIX (NASDAQ: NVX) has received unanimous approval from Chattanooga and Hamilton County to purchase a 182-acre parcel for its second mass production plant (Enterprise South) for US$4.6 million. The company will receive approximately US$54 million in tax benefits over 15 years.
The Enterprise South facility is expected to reach 31,500 tonnes per annum (tpa) capacity by 2028 and create 500 jobs. Combined with the existing Riverside facility (20,000 tpa), total production capacity will exceed 50,000 tpa in Chattanooga by 2028.
The expansion is supported by a US$754.8 million conditional DOE loan commitment. The Riverside facility, set to begin commercial production in early 2026, has received a US$100 million DOE grant and US$103 million investment tax credit. NOVONIX has secured binding offtake agreements with Panasonic Energy, Stellantis, and PowerCo, utilizing full production capacity at Riverside and necessitating the Enterprise South expansion.
NOVONIX (NASDAQ: NVX) welcomes a preliminary ruling by the International Trade Commission (ITC) that confirms China's suppression of the U.S. domestic graphite industry through artificially cheap exports. This follows a December 2024 case initiated by the American Active Anode Material Producers' (AAAMP), seeking import tariffs as remedy.
The case will now proceed before Commerce and ITC under U.S. antidumping and countervailing duty statutes. If proven conclusive, additional tariffs will be assessed against Chinese producers, who currently hold over 95% market share for battery grade graphite.
NOVONIX's Riverside facility in Chattanooga, Tennessee, is set to become North America's first large-scale synthetic graphite production site for the battery sector, with commercial production starting in early 2026. The facility plans to reach 20,000 tonnes annual output to fulfill commitments to Panasonic, Stellantis, and PowerCo.
NOVONIX (NASDAQ: NVX) announced a leadership transition as CEO Dr. Chris Burns steps down effective January 24, 2025. Burns, who has led the company since September 2020, will continue as Special Advisor to the Board. The company has initiated a search for a new CEO to be based in Chattanooga, Tennessee, focusing on candidates with experience in manufacturing, operations, and scale-up.
Chief Financial Officer Robert Long will serve as interim CEO until a permanent replacement is found. The transition comes as NOVONIX prepares to begin production at its Riverside facility in 2025, marking a important phase in the company's synthetic graphite production expansion plans. Under Burns' leadership, NOVONIX has developed innovative technology, new products, and secured significant support from US Government, investors, and customers, establishing itself as a leader in North American battery materials.
NOVONIX (NASDAQ: NVX) has secured a licensing agreement with Harper International for exclusive rights to their continuous, induction-based graphitization furnace technology. The agreement builds upon their December 2020 strategic partnership for developing synthetic graphite anode material production technology.
The deal requires NOVONIX to make an initial payment by December 2025 for internal use rights, with additional fees due within two years to expand rights for building equipment. The license will be exclusive for seven years after full payment, becoming non-exclusive thereafter.
NOVONIX's Riverside facility in Chattanooga, Tennessee, is set to begin commercial production this year, targeting 20,000 tonnes annual output. The company has secured significant government support, including a US$100 million DOE grant, a US$103 million investment tax credit, and a conditional US$754.8 million DOE loan commitment for its proposed NOVONIX Enterprise South facility.
NOVONIX (NASDAQ: NVX) announced plans to enter a purchase agreement with Chattanooga and Hamilton County for land to build its second mass production plant, NOVONIX Enterprise South. The new facility is expected to reach a production capacity of 31,500 tonnes per annum by end of 2028 and create 500 full-time jobs.
Combined with the existing 20,000 tpa Riverside facility in Chattanooga, the company's total production capacity will exceed 50,000 tpa by 2028. The expansion is supported by binding offtake agreements with Panasonic Energy, Stellantis, and PowerCo. The company recently received a conditional DOE loan commitment of US$754.8 million for the Enterprise South facility, along with previous awards of a US$100 million grant and US$103 million investment tax credit for the Riverside facility.
NOVONIX (NASDAQ: NVX) has joined other American Active Anode Material Producers (AAAMP) in filing a trade case with the U.S. Department of Commerce against China's unfair graphite pricing practices. The petition alleges that China, which controls 95% of the battery-grade graphite market, is exporting artificially cheap graphite, potentially harming domestic producers with dumping margins up to 920%.
NOVONIX's Riverside facility in Chattanooga, Tennessee, is set to become North America's first large-scale synthetic graphite production site for batteries, with commercial production starting in 2025 and planned output of 20,000 tonnes annually. The company has secured significant government support, including a $100 million DOE grant, a $103 million investment tax credit, and a conditional commitment for a $754.8 million DOE loan for a proposed new facility.
NOVONIX (NASDAQ: NVX) has received a conditional commitment from the U.S. Department of Energy for a $754.8 million loan to partially finance a new synthetic graphite manufacturing facility in Chattanooga, Tennessee. The facility will produce 31,500 tonnes per annum of synthetic graphite, supporting battery production for approximately 325,000 EVs annually.
The facility is expected to reach full production capacity by end of 2028, creating 450 full-time operational jobs and 500 construction jobs. The loan includes $692 million in principal and $62.8 million in capitalized interest, structured in two tranches with 15-year and 10-year terms. NOVONIX has already secured binding offtake agreements with Panasonic Energy, Stellantis, and PowerCo.
NOVONIX (NASDAQ: NVX) has announced a strategic partnership with Gamry Instruments to integrate Electrochemical Impedance Spectroscopy (EIS) technology with NOVONIX's Ultra-High Precision Coulometry (UHPC) system. The collaboration enables automated EIS measurements during experiments, eliminating the need to remove cells from UHPC for separate testing.
The integration involves connecting both the UHPC Channel Module and Gamry EIS box to a NOVONIX Thermal Chamber through a new interconnect cable. Compatible Gamry devices include EISBOX 5000, EISBOX 1010, Interface 1010, Interface 5000, and IMX8 Multiplexer. NOVONIX will distribute Gamry products as part of integrated UHPC systems globally, with existing customers receiving free software updates but requiring new UHPC cables.
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