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Panasonic Energy Partners with NOVONIX for Sustainable Synthetic Graphite Supply in EV Battery Production
Panasonic Energy Co., Ltd., a Panasonic Group Company, announced it has signed a binding off-take agreement with the leading battery materials and technology company NOVONIX Limited (“NOVONIX”; Queensland, Australia) for the supply of synthetic graphite, the main component of the anodes of lithium-ion batteries used in electric vehicles (EVs). In line with Panasonic Energy’s Medium- to Long-term Strategy to strengthen its North America-focused supply chain and reduce its environmental impact, the synthetic graphite will be utilized by Panasonic Energy’s EV battery manufacturing facilities in the U.S., with shipments scheduled to start in 2025 from NOVONIX’s facility in Tennessee.