NOVONIX and Stellantis Sign Binding Offtake Agreement
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NOVONIX Limited and Stellantis have signed a binding offtake agreement for the supply of high-performance synthetic graphite material. The agreement covers a minimum of 86,250 tonnes, with a target of 115,000 tonnes, to be delivered over six years starting in 2026.
November 10, 2024 | 10:45 pm
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NOVONIX has secured a significant offtake agreement with Stellantis, ensuring demand for its synthetic graphite material for six years starting in 2026.
The agreement with Stellantis secures a long-term demand for NOVONIX's synthetic graphite, which is likely to positively impact its stock price as it ensures future revenue streams and strengthens its market position.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90