It takes a long time for these sorts of processes, that's why it can also be a good thing giving Novonix is the only company doing it, risk of competition is basically zero atm. 12k by 2028 is just for the first factory, not including any more offtakes from the next factory we have starting the build in 2023.
Ann: NVX Provides Update on Synthetic Anode Materials Production, page-10
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