Novonix signs binding offtake agreement to supply synthetic graphite to PowerCo

Briefing
Strategic Partnerships

Novonix’s offtake agreement with PowerCo comes just two weeks after it had signed a similar binding offtake agreement with Stellantis

Novonix Ltd., a leading Australia-based battery materials company, has signed a binding offtake agreement with PowerCo SE, Volkswagen’s battery division, to supply the latter with a minimum of 32,000 metric tons of high-performance synthetic graphite material, Novonix announced Nov. 25.

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