NOVONIX Ltd (AU:NVX) has released an update.
NOVONIX Limited, an innovator in the battery materials sector, has secured a Japanese patent for its sustainable all-dry, zero-waste cathode synthesis technology, enhancing its portfolio of solutions for electric vehicles and energy storage. The patented technology promises significant cost reductions and environmental benefits by potentially slashing power consumption by 25% and eliminating waste byproduct generation. With the focus on producing high-quality single-crystal NMC powders, NOVONIX continues to advance its position in the competitive battery industry.
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