NOVONIX is expanding its synthetic graphite production to support the electric vehicle (EV) supply chain.
NOVONIX plans to establish a new production facility in the southeastern United States with an initial capacity of 30,000 tonnes per annum (tpa) and aims to expand to 75,000 tpa.
The company is in discussions for a loan under the Loan Programs Office (LPO) of the U.S. Department of Energy (DOE) to achieve a total output of 150,000 tonnes per year.
Synthetic graphite is a critical component in EV battery electrodes, and its demand is expected to increase as the EV market expands.
To reduce dependence on international sources, NOVONIX is enhancing its existing facility in Tennessee to become the first commercially active synthetic graphite facility in North America.
The company has secured partnerships with Panasonic Energy and Stellantis, further highlighting the demand for domestic sources of synthetic graphite.
The U.S. government is committed to fostering a domestic EV supply chain and has implemented legislative measures to support clean technology.
NOVONIX's expansion aligns with these goals and positions the company as a leader in the global transition to electric mobility.