Media Watch - NVX related, page-14046

Re. https://hotcopper.com.au/posts/73726282/single

Also, for those playing at home, PowerCo site prep works in Ontario are now complete. Indications are that building works are set to start soon. https://cleantechnica.com/2023/12/18/1st-phase-of-volkswagen-north-america-gigafactory-complete/ Novonix and VW have a long standing "relationship" - both operate in Chat-town.

Nice timing with today's Ann. For those querying the couple of hundred mil that NVX will need to secure debt finance, customer prepayment has been mentioned many times by the board and CEO. I think this provides some decent context: https://www.forbes.com/sites/michaeltaylor/2023/03/14/volkswagen-commits-to-131-billion-in-ev-and-digital-development-by-2028/?sh=4abcc1f3b509

Separately this is a good quick read: https://www.reuters.com/business/autos-transportation/volkswagen-sticking-with-north-american-ev-plans-executive-2024-02-08/