ASX:NVXElectronic
Why NOVONIX (ASX:NVX) Is Down 5.2% After Stellantis Ends Major Battery Supply Agreement - And What's Next
FCA US LLC (a subsidiary of Stellantis NV) announced the immediate termination of its significant offtake agreement with NOVONIX Limited after the two parties failed to agree on battery cell product specifications and mass production milestones.
This development shifts NOVONIX’s commercial focus toward deliveries for Panasonic and PowerCo, as well as advancing its Chattanooga-based synthetic graphite production facilities.
We'll explore how Stellantis stepping away from the large supply deal...