That is wrong.
Novonix has current graphite production at 500TPA with material being supplied to Samsung SDI and Sanyo/Panasonic, with others under NDAs.
By end of calendar year, that will be 2000TPA.
This is all being scaled in Tennessee.
An additional 8000TPA site has been purchased in the same area with that coming on line within the next 12-18 months.
Site selection for an additional 30,000TPA is being drafted currently, bring a total of 40,000TPA for US production for 2025. This will most likely increase as demand is growing each month.
All of the above is fully funded!!
That came at a cost of dilution, even though the MD and CEO stated that debt funding would cover it. However, the SP has still charged forward regardless, but definitely at the expense of shareholders.
Just a few, but not limited to these cell manufacturers are aggressively scaling to meet demand and will require massive amounts of materials:
SK Innovation
Samsung SDI
LG Chem
Tesla
Panasonic
Kore Power
Rivian
The US is a massive focal point for EV and ESS currently, Europe is also in the list, but isn't getting the spotlight yet.
Good time to be a foot in the supply chain for the industry revolution of ICE to EV transition.
That is wrong. Novonix has current graphite production at 500TPA...
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