NVX 2.13% 69.0¢ novonix limited

I researched Anovion a few weeks ago after reading about...

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    I researched Anovion a few weeks ago after reading about American Battery Factory, interesting co (Anovion) but they’re far from Novonix & their growing portfolio of products.

    Anovion are using Pyroteks Synthetic Graphite tech purchased from Pyrotek industries “battery materials division” in April 2022. (Also includes all the anode Ip tech purchased from ConocoPhillips back in 2014) so they have a solid background.
    Anovion are obviously well positioned to take advantage of the DOE $$ now & in the future but for now they’re also well funded privately through insider investment & investors like Chip Dunn founder & CEO of Monomyth Group.
    Hence their ability to make the first announcement to scale in the US.
    Anovion look to be more focused on LFP chemistry, they announced an agreement with Forge nano in June 2022 to use their atomic coating tech.
    VW invested $10m into Forge Nano in 2019 & have been connected since 2014 but I can’t find any more recent links.
    LG also had involvement but I haven’t read further yet.
    So my view is their point of difference is more to do with forge nanos atomic coating technology.
    That product appears to be quite revolutionary. (Atomic coating).

    Anovion intend to produce SG in late 2025, that offtake is likely for American Battery Factory (ABF) which is co owned by Zhengfang Ge & Paul Charles
    Zhengfang Ge also owns Lion Energy, who were previously sourcing their cell products from China like most.
    ABF seem to have a presence in the recreational vehicle accessory usage, I’m sure they recently partnered with Airstream products, Lion Energy seem to be heading more towards Grid energy.
    I presume ABF will supply LE batteries for their product range as part of that first offtake from Anovion.

    So although Anovion achieved “first to announce their plans to scale” status I’m not actually sure they’ll be the first to mass produce above 20kt not that it matters but Novonix should be capable of producing 40kt by late 2025 so much of a muchness.

    The difference is Novonix are not just a Synthetic graphite manufacturer & Anovion are & that’s extremely important.

    Novonix have shown they can produce a cell with similar capabilities as other cell manufacturers using their own portfolio of products including DPMG, SG, Electrolytes & cathode tech.
    Im not sure any other US based companies are capable of that yet.
    Early days but extremely promising.
    Possibly the BlockEnergy project with Emera will be the first opportunity to showcase their portfolio & not just their SG.

    That’s where I also believe the Saudi JV’s been under-rated.
    I believe in time the Saudi’s will use Novonix full portfolio for grid storage & EV’s (Ceer & Lucid).
    The connection we have with the Saudi Pif & Foxconn could be huge, both have serious growth aspirations.
    Foxconn own the ex GM factory in Lordstown where Lordstown motors (who are absolutely struggling / reverse stock split or a buy out from Foxconn isn’t far away).
    Could that Saudi/Foxconn connection be the catalyst for a Novonix/Foxconn relationship in the future.
    Foxconn have recently extended into India to produce the Apple I-phone, but they have big aspirations to grow their presence in the EV market. - Hot place India / Well suited for Novonix portfolio of products.
    Thats 2 possible connections to India now.
    Rain Industries & Foxconn.
    Add a little Panasonic, Samsung or VW potential along with the UK & European markets through Phillips 66 and even a pessimist would struggle to deny Novonix have an extremely promising future ahead.

    And for the negative few that do jump on any hint of over speculation or hopium I found an interesting well constructed hot copper post from GreenEnergy back in 2020 highlighting the importance of Andrew Liveris & his connections with Aramco & other Saudi Public funds and to keep an eye out for possible future developments.
    So well done GreenEnergy, that deep diving & speculating nearly 3 years ago was pretty spot on.


 
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