Batterytech company which is strategically in line with US president strategy for accelerating electric car production
Operate inBrisbane and North America but run from Canada
They havetheir synthetic graphite-based supplies for lithium-ion batteries for electriccar
They arebuying a factory once used by general electric
Thiscompany is working closely with Panasonic and Samsung and also getting close tomaking a supply agreement with Tesla,
They haveanother company in the US for producing graphite
They arethe only qualified company for producing battery supply in the US if Americadecides to not import from China,
They aremoving to list in NASDAQ,
Mr Burns(the CEO), with PhD in lithium-ion batteries, used to be a consultant to Tesla,
IncreasingUS tension with China will bring focus in domestic providers,
The oilgiant company (Philips 66) is going to buy 16 per cent of NVX. This will helpaccess more capital to NVX and remove any supply chain risk for accessingpetroleum coke for its production.
The demandfor their product is going to be tenfold in the next decade,
Therequirement for battery cell manufacturing is increasing every month thatrequire significant graphite.
They areresearching other aspects of the battery supply chain for production.
ProfessorDahn, who was the supervisor of Mr Burns, had a major role in Tesla advancedbattery research group and is now appointed as a Chief Scientific Advisor ofNovonix.
Market cap2.3b
No debt,
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Last
40.5¢ |
Change
0.010(2.53%) |
Mkt cap ! $257.6M | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 40.5¢ | 38.0¢ | $2.200M | 5.607M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 128944 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 269094 | 12 |
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| Last trade - 16.10pm 14/07/2025 (20 minute delay) ? |
| NVX (ASX) Chart |