NOVONIX Ltd (AU:NVX) has released an update.
NOVONIX Ltd has reported significant progress towards becoming a major supplier of synthetic graphite for North American EV and ESS battery markets, highlighting milestones such as R&D advancements, scaling operations, securing Tier 1 partnerships, and substantial financial steps including grants and potential incentives. The company is also focusing on a natural graphite asset through a proposed IPO of Axon Graphite, offering a strategic opportunity while retaining a significant stake. Amidst economic challenges, NOVONIX remains committed to contributing to the localization of the supply chain and meeting the rising demand for battery materials.
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