PowerCo SE and NOVONIX Enter into a Testing and Development Agreement

May 14, 2024

https://www.globenewswire.com/news-release/2024/05/14/2881995/0/en/PowerCo-SE-and-NOVONIX-Enter-into-a-Testing-and-Development-Agreement.html

BRISBANE, Australia, May 15, 2024 (GLOBE NEWSWIRE) — NOVONIX Limited (NASDAQ:NVX, ASX:NVX), a leading battery materials and technology company, and PowerCo SE (“PowerCo”), a Volkswagen Group-owned battery cell company, have announced the signing of a non-exclusive Testing and Development Agreement (“TDA”). The work to be conducted under the TDA will include NOVONIX developing, testing, and analyzing synthetic graphite anode materials tailored to meet PowerCo’s requirements and upon successful completion of certain development work under the TDA, NOVONIX and PowerCo may enter into a supply agreement for developed products with details to be determined at that time.

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