NOVONIX Ltd (AU:NVX) has released an update.
NOVONIX Limited, an innovator in the battery materials sector, has completed a pivotal independent engineering review of its Riverside facility, ensuring the company is on track to commence commercial production. With the aid of substantial government grants and tax credits, NOVONIX is poised to achieve competitive operating margins between 23-30% as it advances towards a sustainable anode material production in North America. This development marks a significant stride in the company’s commitment to localized lower-emissions synthetic graphite supply and battery technology leadership.
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