Novonix (ASX:NVX) entered a binding offtake agreement with Volkswagen Unit PowerCo to supply 32,000 tonnes of synthetic graphite over five years, starting in 2027, according to a Monday filing with the Australian bourse.
The agreement follows a non-exclusive testing and development deal signed in March, the filing said.
Novonix's Riverside facility is set to start commercial production in 2025, targeting 20,000 tonnes per annum (tpa).
The battery materials and technology company is also planning to build a second production facility in the southeastern US with an initial capacity of 30,000 tpa with plans to expand to 75,000 tpa.
Additionally, the company is in talks with the US. Department of Energy for a loan under the Advanced Technology Vehicles Manufacturing Program to help fund the new facility.
The company aims to ramp up total production to at least 150,000 tpa to meet rising customer demand.
Novonix's shares rose past 12% in recent Monday trade.
Price (AUD): $0.83, Change: $+0.09, Percent Change: +12.16%
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。