NVX Though it's currently listed only on a foreign stock...

NVX Though it's currently listed only on a foreign stock exchange, Australia-based Novonix (OTC:NVNX.F) on May 10 submitted a draft registration statement to the SEC requesting inclusion on the Nasdaq. The synthetic graphite maker is a supplier to the suppliers, making anodes (and eventually cathodes and electrolytes) for EV battery makers. It already has a production facility operational in Chattanooga, Tennessee.Novonix announced a significant partnership on Aug. 9, when Phillips 66 (NYSESX) revealed its decision to buy a 16% stake in it. Getting Phillips 66 involved in its operations will give Novonix better access to specialty coke and other materials the energy company makes for electric car battery producers."Phillips 66's investment will provide us with the capital needed to support growth and ongoing R&D as we continue to scale our synthetic graphite production and develop new technologies for higher-performance energy storage applications," said Novonix CEO Chris Burns in a press release. Through the deal, Novonix gained both a significant amount of cash and a direct connection to a company supplying some of its most crucial materials. This basically guarantees Novonix will get the specialty coke it needs first (as long as any is available), and will likely result in cost savings on that material and any others made by Phillips 66.Novonix stands out as a non-Chinese synthetic graphite producer, making it effectively immune to any potential disruptions caused either by that country's internal politics or its international trade disputes. Novonix expects to manufacture 20 million tons of graphite anodes in 2025, and projects its annual output will grow to 100 million tons -- resulting in approximately $1 billion in revenue -- in 2030. While the company is nowhere near that size now, it appears to have the connections and technical expertise to become a significant player in its niche.