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An announcement from NOVONIX Ltd ( (AU:NVX) ) is now available.
NOVONIX has advanced its commercial efforts in synthetic graphite by delivering over 100 samples to 15 customers and prospects in 2025 and producing its first mass-production, industrial-grade synthetic graphite sample for a major North American carbon processor. The company now plans to start mass production of industrial-grade graphite in 2026, providing a quicker route to revenue than battery-grade materials, while mass production of battery-grade anode material for Panasonic has been pushed to the second half of 2027 as qualification and furnace calibration continue at its Riverside facility. NOVONIX also reported termination of its offtake agreement with Stellantis, progress in U.S. trade case developments affecting anode active materials, and corporate moves including a US$100 million convertible debenture financing, the appointment of CEO Mike O’Kronley as Managing Director, and the hiring of a new Chief Operating Officer, alongside further development and licensing activity for its all-dry, precursor-free cathode technology, supported by a key patent grant in China and the launch of a new UHPC calibration module.
The most recent analyst rating on (AU:NVX) stock is a Sell with a A$0.40 price target. To see the full list of analyst forecasts on NOVONIX Ltd stock, see the AU:NVX Stock Forecast page.
More about NOVONIX Ltd
NOVONIX Ltd is a battery materials and technology company focused on synthetic graphite anode materials and advanced battery testing and technology solutions. Through its NOVONIX Anode Materials (NAM) division, the company targets battery, energy storage, and industrial markets from its mass production facility in Chattanooga, Tennessee, while its Battery Technology Solutions (BTS) division develops and licenses proprietary cathode technologies and battery testing equipment to global customers.
Average Trading Volume: 6,275,604
Technical Sentiment Signal: Sell
Current Market Cap: A$356.8M
For a thorough assessment of NVX stock, go to TipRanks’ Stock Analysis page.