Group CEO Phil St Baker stated in this Finance News Network interview for expansion and construction of “factories”, not just their existing single factory, is occur on the back of debt facility.
Their Puregraphite production process is a modular system, which allows for rapid expansion.
He states that debt funding will help build the new factories to meet the demand from the battery makers from the 3min 30sec mark below.
NOVONIX The Replacement Tesla Research Team, page-18
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