Take a look at this. The largest battery factory in the world is on track to open its first wing this year, and second wing at the start of next year.
I'll remind you of what Panasonic stated when they signed an agreement with Novonix: Dr. Shoichiro Watanabe, CTO of Panasonic Energy, said, “As we continue to grow as an EV battery leader in North America, we are thrilled about the partnership with NOVONIX, which will bring innovative technologies to key anode material. In addition, I believe this collaboration will help us achieve our medium-to-long-term management goals to strengthen the local supply chain and reduce our carbon footprint.”
Under the off-take agreement, Panasonic Energy has agreed to purchase at least 10,000 tonnes of anode material for use in their U.S. plants over the term of 2025-2028. During the term, if additional volumes are requested by Panasonic Energy, NOVONIX shall use its best efforts to deliver the increased volumes.
About 10 months to go until the revenue arrives.
NVX Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held
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