Tesla supplier Panasonic secures Novonix's graphite for EV battery
08/02/2024 23:27
TOKYO, Feb 9 (Reuters) - Japan's Panasonic Energy, a
supplier for Tesla's TSLA.O electric vehicles, said on Friday
it has struck a graphite supply agreement for its U.S. battery
plants with Australian materials company Novonix NVX.AX .
The off-take agreement allows the battery unit of Panasonic
6725.T to procure 10,000 tons of graphite from Novonix’s North
American plants including in Tennessee over four years, and the
shipments are scheduled to start in 2025, it said.
(Reporting by Kantaro Komiya; Editing by Chris Reese)
((Kantaro.Komiya@thomsonreuters.com; Twitter: @kantarokomiya;))
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