NOVONIX Limited pen an agreement with Stellantis NV for the supply of high-performance synthetic graphite material

NOVONIX Limited, recognized for its innovations in battery materials and technology, has entered into a binding agreement with Stellantis NV, a prominent name in the automotive sector. Under this agreement, NOVONIX will supply high-performance synthetic graphite material, with a minimum commitment of 86,250 tonnes and a target of up to 115,000 tonnes. The supply is planned over six years, starting in 2026, and will cater to Stellantis’ battery cell manufacturing partners in North America. The material will be sourced from NOVONIX’s Riverside facility and an additional expansion site.

The Riverside facility, slated to become the first large-scale synthetic graphite production site in North America dedicated to the battery industry, is expected to commence operations in 2025. It will initially produce up to 20,000 tonnes per year, meeting existing customer commitments. The project has been supported by significant federal funding, including a $100 million grant and a $103 million investment tax credit from the U.S. Department of Energy’s Office of Manufacturing and Energy Supply Chains.

Additionally, NOVONIX is advancing plans for a new production facility in the southeastern United States. This site is projected to start with a capacity of 30,000 tonnes annually, with plans to expand production to 75,000 tonnes per year. When combined with Riverside, the company aims to achieve a total production capacity of at least 150,000 tonnes annually, addressing growing demand from customers in the electric vehicle and energy storage markets. NOVONIX is also in active discussions with the DOE Loan Program Office to secure funding for the new facility through the Advanced Technology Vehicles Manufacturing Program.

The agreement represents a significant milestone for both companies. Stellantis, aiming to transition fully to battery-electric passenger vehicles, has committed to an investment of over €50 billion in electrification initiatives by the end of the decade. The company is targeting approximately 400 GWh of battery capacity, supported by manufacturing operations in both North America and Europe. Both companies are focused on fostering a long-term collaboration to drive growth and innovation in North America and beyond.