Great find OTC! The Saudi PIF through Andrew Liveris and Lucid are planning some big things in Saudi Arabia’s $US500Billion NEOM City.
Liveris says they plan on manufacturing Lucids there, Saudi Arabia’s new City that uses 100% renewable energy and its going to be 33 times larger than NY!
All that solar and wind power will need a lot of battery for a city of that size, wholly dependent on 100% renewable energy!
Novonix would be the perfect investment, as it would supply all the battery materials and clean manufacturing process for Puregraphite anode, Electrolytes and Single Crystal Cathodes for EVs but most importantly for Saudi Arabia, ESS Grid Storage...
https://www.news.com.au/travel/destinations/middle-east/saudi-princes-bold-plan-for-a-640b-futuristic-megacity/news-story/c222397b57aaa1229a4bfadeaedfcf6d
SAUDI Public Investment Fund Investing in Green Investments, page-4
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Mkt cap ! $430.2M | |||
| Open | High | Low | Value | Volume |
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| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
88.0¢ |
Change
0.030 ( 4.02 %) |
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| Last updated 15.59pm 17/05/2024 ? | |||||
| NVX (ASX) Chart |