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2025-09-30 00:56
Novonix (NASDAQ:NVX) (OTCPK:NVNXF) +15.6% in Monday's trading after announcing the delivery of its first large-scale production, commercial-grade sample of synthetic graphite for industrial applications for an unnamed North American client, which the company called a significant manufacturing milestone.
Novonix (NASDAQ:NVX) (OTCPK:NVNXF) said its Riverside facility is poised to become the first large-scale production site dedicated to high-performance synthetic graphite for the battery, defense, and industrial sectors in North America, with mass production starting next year for its lead customer, Panasonic.
"This demonstrates that industrial-grade products can be produced using Novonix's proprietary continuous graphitization furnace technology at a mass production scale and is another step towards bringing our battery-grade materials to market," CEO Michael O'Kronley said.
To company previously announced plans for its second synthetic graphite manufacturing plant in Tennessee, which together would give Novonix (NVX) (OTCPK:NVNXF) a total production capacity of more than 50,000 metric tons/year.