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Highlights:
- NOVONIX secures a binding agreement with Stellantis for up to 115,000 tonnes of high-performance synthetic graphite material.
- The deal solidifies NOVONIX’s position as a leader in the North American EV supply chain, with commercial production set to begin in 2025.
- Stellantis commits to NOVONIX as its largest customer in North America, supporting EV growth targets and electrification plans.
NOVONIX Limited (NASDAQ: NVX, ASX: NVX), a leader in battery materials and technology, has entered a transformative partnership with Stellantis NV (NYSE:STLA), one of the world’s largest automotive companies. This binding offtake agreement is set to deliver a minimum of 86,250 tonnes, with a potential to scale up to 115,000 tonnes, of high-performance synthetic graphite material to Stellantis’ cell manufacturing partners in North America. The six-year deal is expected to commence in 2026 and marks a significant milestone in both companies’ efforts to accelerate electric vehicle (EV) adoption and bolster the North American battery supply chain.
For NOVONIX, this agreement represents a major leap forward, as Stellantis becomes its largest customer in the region. The deal ensures that NOVONIX’s Riverside facility, located in the southeastern U.S., will be a key production site for synthetic graphite, a critical component in the anodes of lithium-ion batteries used in electric vehicles. With production slated to begin in 2025, the Riverside facility is set to become the first large-scale site in North America dedicated to high-performance synthetic graphite.
The company is also planning an expansion at its Riverside location and a new greenfield facility in the southeastern U.S., which will support its efforts to meet Stellantis’ growing demand. NOVONIX aims to ramp up total production capacity to 150,000 tonnes per annum (tpa) in the coming years, positioning itself as a vital player in the electric vehicle supply chain.
“This agreement with Stellantis is a clear testament to NOVONIX’s ability to scale and meet the increasing demand for critical battery materials as the automotive industry pivots towards electrification,” said Dr. Chris Burns, CEO of NOVONIX. “It is a critical step in securing a domestic supply of synthetic graphite for North America, ensuring that we can meet Stellantis’ ambitious EV growth targets while simultaneously supporting the broader shift to clean energy.”
As part of its commitment to sustainable and green energy, Stellantis has pledged to invest over €50 billion in electrification over the next decade. The company aims to achieve 100% battery-electric vehicle sales by 2030. With this long-term supply agreement, NOVONIX is not only poised to provide Stellantis with critical materials but also strengthen the U.S. electric vehicle ecosystem, which is vital for achieving the country’s decarbonization and clean energy goals.
In addition to the existing Riverside facility, NOVONIX is advancing plans to build a new production site that will initially produce 30,000 tpa of synthetic graphite, with the capacity to scale up to 75,000 tpa. These facilities are crucial as demand for EV batteries continues to surge, and NOVONIX is actively working with the U.S. Department of Energy (DOE) to secure funding through its loan programs.
As NOVONIX strengthens its position in the North American market, this partnership with Stellantis stands as a pivotal moment in its trajectory, one that positions the company to play a central role in the electric vehicle revolution. Through its cutting-edge technologies and strategic collaborations, NOVONIX is setting the stage to become a cornerstone of the clean energy transition in North America and beyond.
This groundbreaking deal between NOVONIX and Stellantis is poised to accelerate the adoption of electric vehicles, bringing forward a more sustainable and self-reliant battery supply chain in North America.
