It’s the below statement from the CEO that interests me considering it was yesterday & from Panasonic’s website.
Either he forgot Novonix & Panasonic already entered into a binding offtake agreement earlier this year or due to the Tariffs being finalised Panasonic can actually enter into a more substantial supply agreement.
The 10kt over 4 years was most likely to help obtain Fed funding but hardly what Panasonic will require,
“In 2024, we will sign a graphite supply agreement with Novonix to supply artificial graphite, the main anode material for EV batteries, from its plant in Tennessee. Novonix’s new technology reduces CO2 emissions during the production of synthetic graphite, helping to accelerate CFP reduction during material production”.
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