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Novonix secures $755M DOE loan for Tennessee synthetic graphite facility
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This audio is auto-generated. Please let us know if you have feedback. agency announced Dec 16. The Novonix facility will make material for EV battery anodes, which are currently largely sourced from China, according to the release. The project will create 450 operational jobs and produce 31,500 metric tonnes per year of synthetic graphite, supporting 325,000 EV batteries annually. The Chattanooga facility is expected to reach full production capacity by the end of 2028.
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- December 20, 2024