Driven by Market Demand
Government policies, consumer trends, continued technological advancement, demand for qualified anode and cathode material and services that NOVONIX provides, and the shift toward electrification are fueling NAM’s growth.
- Government policies, consumer trends, continued technological advancement, demand for qualified anode and cathode material and services that NOVONIX provides, and the shift toward electrification are fueling NAM’s growth.
- As the global economy electrifies, demand for localized, high-quality, durable materials is outpacing projected supply.
- Global EV penetration forecasted to be over 30% by 2031.
- Demand is also growing among NAM’s customers for battery testing services, giving us unparalleled visibility across the battery supply chain.
- Engagements with Samsung SDI, Panasonic, and other Tier 1 cell and automotive manufacturers continue to drive business development.
- Private and public investment, favorable public policies, the societal shift toward electrification and booming demand for clean, domestic battery materials strategically position NOVONIX Anode Materials for continued growth.
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