NVX 0.79% 64.0¢ novonix limited

Lots of chatter of NVX not being able to scale up quickly enough...

  1. 17,010 Posts.
    lightbulb Created with Sketch. 3832
    Lots of chatter of NVX not being able to scale up quickly enough to meet Tier-1 supply requirements....JV anyone?

    Samsung SDI injects capital into JV for EV battery materials

    South Korean battery maker Samsung SDI said on May 29 it has started injecting capital into EcoPro EM, a joint venture with EcoPro BM, a supplier of electric vehicle battery materials to Samsung.

    According to Samsung SDI, it will fund a total of 120 billion won ($96.9 million) with EcoPro BM into EcoPro EM. Samsung SDI and EcoPro BM will contribute 48 billion won and 72 billion won, respectively, to control 40 percent and 60 percent of the JV, respectively.

    The JV is expected to begin construction of a cathode material plant in Pohang, North Gyeongsang Province, within this year. The plant will start production of cathode materials for NCA (nickel cobalt aluminum) 811 batteries in the first quarter of 2022.

    Cathode is one of the four key components of a lithium-ion battery, along with the anode, electrolyte and separator.

    EcoPro BM aims to increase its production capacity of cathode materials by 150,000 metric tons including that of the JV and manufacture a total 180,000 metric tons in 2023.
 
watchlist Created with Sketch. Add NVX (ASX) to my watchlist
(20min delay)
Last
64.0¢
Change
0.005(0.79%)
Mkt cap ! $308.0M
Open High Low Value Volume
64.0¢ 65.0¢ 62.5¢ $652.2K 1.024M

Buyers (Bids)

No. Vol. Price($)
3 48928 63.5¢
 

Sellers (Offers)

Price($) Vol. No.
64.5¢ 800 1
View Market Depth
Last trade - 16.10pm 17/06/2024 (20 minute delay) ?
Last
63.5¢
  Change
0.005 ( 1.00 %)
Open High Low Volume
64.0¢ 65.0¢ 62.5¢ 237102
Last updated 15.59pm 17/06/2024 ?
NVX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.