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Novonix to Supply Lithium-Ion Battery Anode Material to SAMSUNG SDI

Metal News - Published on Fri, 13 Dec 2019

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NOVONIX Limited announced that it has reached conditional agreement to supply lithium-ion battery anode material to SAMSUNG SDI, an international manufacturer of lithium-ion batteries. The agreement is NOVONIX’s first for its recently launched PUREgraphite Anode product and positions NOVONIX as a new supplier in this specialised battery materials market. Under the agreement NOVONIX will supply SAMSUNG SDI an initial volume of 500 metric tons in 2020, consistent with NOVONIX's currently being installed production capacity, with first deliveries forecast to commence in October 2020. Larger volumes will be considered each year and will be subject to supply performance by

NOVONIX’s PUREgraphite anode material will be manufactured at its facility in the United States and will be exported to SAMSUNG SDI battery manufacturing facilities in other countries.

Signing of the purchasing agreement for 500 metric tons in 2020 is subject to SAMSUNG SDI’s required quality assurance processes and audit of supplier processes fulfillment.

Pricing is commercially sensitive and strictly confidential between the parties.

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Posted By : Rabi Wangkhem on Fri, 13 Dec 2019
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