NOVONIX Ltd Sponsored ADR (NVX) has released an update.
NOVONIX Limited, a leading battery technology firm, has been awarded a $103 million tax credit by the U.S. government to boost its production of critical battery materials at its Chattanooga facility. The tax credit, part of the Qualifying Advanced Energy Project Program, aims to enhance clean energy manufacturing and create high-quality jobs. This funding marks another significant milestone for NOVONIX, supporting its growth in the EV and energy storage sectors.
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