Australian EV battery supplies firm Novonix has announced its contract to buy and retrofit a 400,000+ sq. foot plant in Chattanooga, Tennessee to accommodate their deliberate manufacturing of 8,000 tons of anode supplies, a key characteristic in EV battery expertise, in addition to in battery vitality storage.
Novonix mentioned this part of progress will help the manufacturing of anode supplies that may provide lithium-ion battery packs for over 100,000 EVs.
The enlargement plan will deliver Novonix’s annual anode materials manufacturing capability to 10,000 tons yearly by 2023. The corporate mentioned it has main agreements underway with Sanyo Electrical of Japan and Samsung of South Korea, each main worldwide producers of EVs and vitality storage methods worldwide.
The anode materials division of the Novonix mother or father firm known as Puregraphite has already been working in Chattanooga since 2019. Puregraphite mentioned it’s the solely certified producer in North America of high-grade anode supplies appropriate for lithium-ion batteries for each electrical autos and vitality storage methods.
The Tennessee Division of Financial and Neighborhood Growth mentioned the undertaking will create practically 300 jobs, and the undertaking represents an funding of roughly $160 million within the county.
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