NOVONIX Ltd Sponsored ADR ( (NVX) ) has provided an announcement.
NOVONIX Ltd announced a delay in the commencement of production to support its supply agreement with Panasonic Energy, shifting from late 2025 to early 2026. The company clarified that this delay is not expected to materially affect the price or value of its securities, as the delay is short and the volume affected is less than 1% of its total contracted offtake capacity. The company continues to install equipment at its Riverside facility to reach its initial production capacity, maintaining its compliance with ASX Listing Rules.
More about NOVONIX Ltd Sponsored ADR
NOVONIX Ltd is a company operating in the battery materials industry, focusing on the production of high-performance synthetic graphite anode materials. The company is primarily engaged in supplying these materials to major clients in the battery sector, including Panasonic Energy, Stellantis, and PowerCo, with a market focus on North America.
YTD Price Performance: -30.37%
Average Trading Volume: 233,357
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $214.6M
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