NOVONIX Ltd (AU:NVX) has released an update.
NOVONIX Ltd has made significant strides in the first quarter of 2024, securing a supply agreement with Panasonic Energy and qualifying for a $103 million U.S. tax credit for its Riverside facility. The company is advancing its anode materials business, with a focus on expanding North American synthetic graphite production to meet the growing demand for lithium-ion batteries. Additionally, NOVONIX is progressing in cathode material development and is actively enhancing its battery testing and data analysis services through AI and machine learning.
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