NOVONIX Ltd (AU:NVX) has released an update.
NOVONIX Limited, a prominent battery technology firm, has partnered with Volkswagen’s PowerCo SE on a Testing and Development Agreement to create and test synthetic graphite anode materials for batteries. The collaboration, which may lead to a future supply agreement, underscores both companies’ commitment to developing the North American battery materials supply chain. NOVONIX is also expanding its production capacity in North America, buoyed by significant U.S. government funding, to become a major player in the market for high-performance battery materials.
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