Battery-tech startup Novonix will supply Stellantis with a synthetic form of graphite, an essential material in electric-vehicle batteries, in a six-year deal. The agreement makes Stellantis its largest customer. (The Logic)
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Battery-tech startup Novonix will supply Stellantis with a synthetic form of graphite, an essential material in electric-vehicle batteries, in a six-year deal. The agreement makes Stellantis its largest customer. (The Logic)
Talking point: The deal suggests global auto giant Stellantis isn’t slowing down its North American battery investments, despite anxieties around sluggish EV adoption and the fate of manufacturing incentives under U.S. president-elect Donald Trump. Novonix CEO Chris Burns, a former senior engineer at Tesla, has been vocal about China’s dominance of the graphite supply chain, saying the lack of domestic suppliers might hamstring North America’s automotive industry. Novonix—which counts Jeff Dahn, whose lab is funded by Tesla, as an adviser—plans to expand its Tennessee factory to help meet demand.
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