Operations Update Panasonic Energy Offtake
| Stock | Novonix Ltd (NVX.ASX) |
|---|---|
| Release Time | 16 Jan 2026, 2:41 p.m. |
| Price Sensitive | Yes |
Novonix Provides Operations Update on Panasonic Energy Offtake
- Mass production of anode material for Panasonic Energy now expected to begin in H2 2027
- Qualification of anode materials is a rigorous process with customer-specific timelines
- Novonix remains on track to begin mass production of industrial-grade graphite in 2026
Novonix Limited, a leading battery materials and technology company, announced an update to the expected timing for commencement of mass production of anode material for its lead battery material customer, Panasonic Energy ('Panasonic'). The company previously indicated an expectation to begin mass production of battery-grade synthetic graphite for Panasonic and industrial-grade synthetic graphite for other customers in 2026. However, the company now expects mass production of anode material for Panasonic to begin in the second half of 2027. The qualification of anode materials is a rigorous process, and timelines can vary depending on customer-specific material requirements and qualification protocols. Novonix entered into a binding off-take agreement with Panasonic for high-performance synthetic graphite anode material in February 2024. The company had previously advised the market in January 2025 that the commissioning of the mass production equipment required to support qualification of Panasonic's specifications would be completed in the second half of 2025 with production planned to start in early 2026. In October 2025, the company completed installation and commissioning of the mass-production equipment required to support qualification to Panasonic's specifications.Despite the delay in mass production for Panasonic, the company still expects to begin mass production of industrial-grade graphite this year as previously announced.
Novonix remains focused on reducing supply chain risk, supporting U.S. energy independence, and establishing a resilient battery materials supply chain. The company is continuing to invest in and commercialize its patented all-dry, precursor-free cathode synthesis technology, and expand its battery cell testing and R&D services business.