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An announcement from NOVONIX Ltd ( (AU:NVX) ) is now available.
NOVONIX Limited has achieved a significant operational milestone by delivering its first mass production, commercial-grade sample of synthetic graphite for industrial applications to a major North American carbon processor. This accomplishment demonstrates the capability of NOVONIX’s proprietary continuous graphitization furnace technology to produce industrial-grade products at scale. The Riverside facility is set to become the first large-scale production site for high-performance synthetic graphite in North America, with mass production starting next year for Panasonic. The company plans to expand its production capacity with a second plant in Chattanooga, aiming for a total capacity of over 50,000 tonnes per year, which will enhance its market positioning and meet growing customer demand.
The most recent analyst rating on (AU:NVX) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on NOVONIX Ltd stock, see the AU:NVX Stock Forecast page.
More about NOVONIX Ltd
NOVONIX is a leading battery technology company focused on revolutionizing the global lithium-ion battery industry with innovative, sustainable technologies. The company manufactures battery cell testing equipment, produces high-performance synthetic graphite materials, and has developed a patented all-dry, zero-waste cathode synthesis process. NOVONIX has established a strong position in the electric vehicle and energy storage systems battery industry through advanced R&D, proprietary technology, and strategic partnerships.
YTD Price Performance: -42.18%
Average Trading Volume: 6,432,920
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$284.4M
Find detailed analytics on NVX stock on TipRanks’ Stock Analysis page.