What NOVONIX-Battery Technology Solutions does

NOVONIX Limited (ASX/NASDAQ: NVX) is a publicly listed battery materials company incorporated in Queensland, Australia, with its operational headquarters and main production complex in Chattanooga, Tennessee. The company develops and manufactures high-performance synthetic graphite anode active materials for lithium-ion batteries using a proprietary continuous graphitization furnace process at its Riverside facility, which is scaling to 20,000 tonnes per annum. The company has also developed an all-dry, zero-waste cathode synthesis technology; cathode commercialization was carved out as Dryve Battery Materials following the April 2026 divestiture of the legacy Battery Technology Solutions (BTS) business for US$1.00, in which NOVONIX retained a 15% equity stake.

NOVONIX sells synthetic graphite to major battery manufacturers under multi-year binding off-take agreements, most notably a 10,000-tonne contract with Panasonic Energy (2025–2028) and a minimum 32,000-tonte contract with PowerCo SE, the battery subsidiary of the Volkswagen Group (2027–2031). The first North American mass-production qualification C-sample was delivered to Panasonic Energy in June 2026. Revenue is generated through quote-based hardware sales of anode materials plus government grants and tax credits (a US$100M DOE MESC grant, US$103M in Section 48C Advanced Energy Project tax credits, and a CAD$3M grant from the National Research Council of Canada). The customer base is concentrated in two enterprise OEMs, with the energy storage, commercial vehicle, and consumer electronics battery segments identified as secondary targets.

The company is expanding its Chattanooga footprint through the purchase of a 182-acre Enterprise South parcel for a second synthetic graphite facility and an option on 17.5 acres adjacent to Riverside. It pursues ecosystem partnerships such as ICoNiChem Widnes Limited under the Canada–UK critical minerals initiative and Ionworks Technologies for integrated battery modeling. AI/ML capabilities are limited to AI-assisted battery lifespan prediction and physics-based modeling, and do not constitute a differentiated product layer.

Name

NOVONIX-Battery Technology Solutions

Legal name

NOVONIX Limited

Website

https://novonixgroup.com

Company type

Public

Founded year

2013

Operating status

Operating

Headcount range

11–50 employees

Short description

NOVONIX Limited (ASX/NASDAQ: NVX) manufactures high-performance synthetic graphite anode materials for lithium-ion batteries at its Chattanooga, Tennessee facility, supplying electric vehicle and energy storage OEMs under long-term binding off-take agreements with Panasonic Energy and PowerCo SE.

Ownership category

akta.pro rank

Product category

Battery Materials (Synthetic Graphite Anodes)

NAICS

Battery Manufacturing (335910)

akta.pro primary industry

Anode Materials Manufacturing (Graphite, Silicon, LTO) (EUAFABAC)

akta.pro secondary industry

Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA)

Keywords

• Synthetic graphite anodes
• Lithium-ion battery materials
• Battery materials manufacturing
• Graphite production
• Cathode synthesis

Headquarters

HQ city

Bedford

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Infrastructure, Personnel

Revenue model

1. Synthetic Graphite Anode Material Sales: NOVONIX generates primary revenue through the sale of synthetic graphite anode materials to battery manufacturers under binding off-take agreements. Production is scaling toward 20,000 tonnes per annum capacity at the Riverside facility in Tennessee.
2. Government Grants and Tax Credits: The company receives funding through government programs including DOE grants and tax credits as part of critical minerals initiatives, supporting domestic battery supply chain development in both the U.S. and Canada.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

NOVONIX-Battery Technology Solutions manufactures high-performance synthetic graphite anode materials for lithium-ion batteries using a proprietary continuous graphitization furnace process at its Riverside facility in Chattanooga, Tennessee. The company also develops an all-dry, zero-waste cathode synthesis technology for producing battery cathode active materials. Products are supplied under long-term binding off-take agreements to major battery manufacturers including Panasonic Energy and PowerCo SE (Volkswagen's battery subsidiary), with production scaling toward 20,000 tonnes per annum.

Product overview

NOVONIX is primarily focused on high-performance synthetic graphite anode materials for lithium-ion batteries, produced through its proprietary continuous graphitization technology. The company operates the Riverside facility in Chattanooga, Tennessee, as the first large-scale synthetic graphite production site in North America, with long-term offtake agreements with Panasonic Energy (10,000 tonnes through 2028) and PowerCo (minimum 32,000 tonnes from 2027-2031). The company previously included the Battery Technology Solutions (BTS) division covering battery testing equipment and R&D services, which was divested in April 2026 to Dr. Chris Burns and restructured into Avrion Battery Labs (testing equipment) and Dryve Battery Materials (cathode commercialization). NOVONIX's core product offering centers on synthetic graphite anode materials, with supporting capabilities in battery materials research and development.

Differentiator

Problem solved

Functional benefit

Products and services

• Synthetic Graphite Anode Materials High-performance synthetic graphite anode active materials for lithium-ion batteries, produced using proprietary continuous graphitization technology at the Riverside facility in Chattanooga, Tennessee, and supplied to major battery manufacturers under long-term binding off-take agreements.
• Riverside Synthetic Graphite Production Facility First large-scale synthetic graphite production site in North America, scaling to 20,000 tonnes per annum capacity to supply Panasonic Energy and PowerCo SE under long-term off-take agreements.

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature2 records

Partnerships

Four partnerships are on record, tiered core and supporting.

• ICoNiChem Widnes LimitedcoreStrategic or Co-development PartnerCollaboration to develop nickel-based cathode active materials as part of the Canada-UK critical minerals initiative. The partnership focuses on advancing cathode material technology for lithium-ion batteries.
• Panasonic EnergycoreOthersBinding off-take agreement for synthetic graphite anode materials supply to Panasonic Energy for use in lithium-ion batteries.
• PowerCo SEcoreOthersBinding off-take agreement for synthetic graphite supply. PowerCo SE is Volkswagen Group's battery company focused on battery cell production for electric vehicles.
• Ionworks Technologies Inc.supportingTechnology or IntegrationCollaboration for battery development through integrated modeling, combining NOVONIX's materials expertise with Ionworks' battery modeling capabilities.

Scale indicators3 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Anovion Battery Materials: U.S.-based producer of synthetic graphite anode active materials for lithium-ion batteries. Direct competitor in the same North American synthetic graphite anode space, competing for OEM qualification and federal support.
• Vianode: Elkem-backed producer of high-performance synthetic graphite anode materials with industrial-scale plants planned in Norway and North America. Direct competitor in synthetic graphite anode materials targeting EV battery OEMs.
• Talga Group: Australia-listed company developing graphite anode materials, including both natural and synthetic graphite products for lithium-ion batteries. Comparable as an integrated anode-materials developer targeting EV supply chains.

Emerging players

• Nouveau Monde Graphite: Canadian company developing a vertically integrated natural graphite-to-anode-material operation in Quebec. Comparable as a North American anode-materials developer, though primarily focused on natural rather than synthetic graphite.
• Graphite One: U.S./Alaska-based graphite mining and processing company advancing a domestic graphite materials supply chain, including anode material production. Adjacent competitor in the North American graphite materials space.
• Westwater Resources: U.S.-based battery materials company developing natural graphite anode materials and processing facilities in Alabama. Comparable as a North American battery-graphite materials developer receiving federal support.
• Syrah Resources: Australia-listed natural graphite miner and processor with a large-scale processing facility in Louisiana (Vidalia). Comparable as a non-Chinese graphite materials supplier pursuing North American battery markets.

Broad incumbents

• SGL Carbon: Global leader in carbon and graphite products, including specialty graphite materials for battery and industrial applications. Broader incumbent with overlapping synthetic graphite and carbon-material capabilities serving battery markets.
• Resonac (formerly Showa Denko): Major Japanese chemical company producing synthetic graphite anode materials and other battery materials at global scale. Broad incumbent and one of NOVONIX's key competitors in the synthetic graphite anode market globally.
• POSCO Future M: South Korean anode materials producer (natural and synthetic graphite) supplying major Korean battery OEMs including LG and Samsung. Broader incumbent with large-scale synthetic graphite anode manufacturing.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/NOVONIXBattery
• LinkedInlinkedin.com/company/novonix
• Instagraminstagram.com/novonix

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries2 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NOVONIX-Battery Technology Solutions