It looks like Ford, VW and GM are also ramping up EV production in the USA. (See article below).
Also need to keep an eye on Rivian, Nikola and Lucid Motors who are all ramping up EV production in the US as Novonix customers.
https://lucidmotors.com/
https://rivian.com/
https://nikolamotor.com/
We need to keep an eye out for Supply Agreements and Royalty Agreements with these companies as well as Tesla.
I wonder if Novonix will sign a Royalty/Licensing Agreement with Tesla for the Single Crystal Cathode DPMG technology, which can then be applied to their LFP and NCA Cathodes, while the US Government provides the cheap loans to Novonix for the PUREgraphite anode factory in Chattanooga to be expanded and new factories to be built quickly to meet this surging demand for EV battery materials.
Novonix's strategic position in this exponentially growing market cannot be overstated!Race for big EVs heats up with 3 automakers
Published: Thursday, June 11, 2020
https://www.eenews.net/stories/1063366651
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