Absolutely Agree. Cost, Quality and Gov. Support are the areas that we will compete. The news surrounding the push to limit supply from China and more from the US. should say it all. I mean the political sentiment to move away from China won't change, regardless of what party wins the next election. The world is definitely moving to renewables and COVID has accelerated that transition almost indefinitely. Just last month, Germany just made the single biggest move to renewables for a developed country and this should put more pressure on other countries to do the same.
Elon might not be able to source all graphite from the US in the short term but once Novonix scales up production (with the recent $63mill CR to build new factories), then we could be a serious contender in the medium to long term.
Novonix might not be at the the forefront of this leading technology but we sure as hell are at the forefront of the North American supply chain.
Key Dates: 1) Tesla Battery Day - 15th September 2020 2) Delivery of NVX production to Samsung SDI - October 2020 3) US Presidential Election - 3 November 2020
Just based on the above dates, we should see a lot of price movements in the later half of this year.
NVX Price at posting:
92.0¢ Sentiment: Hold Disclosure: Held
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