Brief: Japan's Panasonic Energy: Signed Binding Off-Take Agreement With Australia's Novonix For Sustainable Synthetic Graphite Supply In EV Battery Production

Panasonic Holdings

08/02/2024 23:06

Feb 9 (Reuters) - Panasonic Holdings Corp  6752.T :
    * JAPAN'S PANASONIC ENERGY - SIGNED BINDING OFF-TAKE
AGREEMENT
WITH AUSTRALIA'S NOVONIX FOR SUSTAINABLE SYNTHETIC GRAPHITE
SUPPLY IN EV BATTERY PRODUCTION
    * PANASONIC ENERGY - WILL UTILISE THE SYNTHETIC GRAPHITE AT
EV
BATTERY MANUFACTURING FACILITIES IN U.S., SHIPMENTS SCHEDULED TO
START IN 2025 FROM NOVONIX’S FACILITY IN TENNESSEE
    * PANASONIC ENERGY - THIS AGREEMENT WILL ALLOW PANASONIC
ENERGY TO
PROCURE 10,000 TONS OF GRAPHITE FROM NOVONIX’S NORTH AMERICAN
OPERATIONS OVER FOUR YEARS

Source text: https://news.panasonic.com/global/press/en240209-6
Further company coverage:  6752.T