Tesla supplier Panasonic secures Novonix’s graphite for EV battery


Japan’s Panasonic Energy, a supplier for Tesla’s electric vehicles, said on Friday it has struck a graphite supply agreement for its U.S. battery plants with Australian materials company Novonix.

The off-take agreement allows the battery unit of Panasonic 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.

 

This is a developing story, keep checking for further updates.

Here’s your comprehensive 3-minute summary of all the things Finance Minister Nirmala Sitharaman said in her Budget speech: Click to download!

Catch all the Corporate news and Updates on Live Mint. Check all the latest action on Budget 2024 here.
Download The Mint News App to get Daily Market Updates & Live Business News.

More
Less

Published: 09 Feb 2024, 07:08 AM IST



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *