Volkswagen Group’s PowerCo SE has secured a five-year supply agreement with Australian company Novonix for 32,000 tonnes of synthetic graphite for electric vehicle (EV) batteries, commencing in 2027. The graphite will be produced at Novonix’s forthcoming Riverside facility in Chattanooga, Tennessee, which is expected to start commercial production in 2025. This partnership is part of Volkswagen’s broader strategy to enhance battery production, including plans for gigafactories in Germany, Spain, and Canada, and collaborations with other firms like Rivian Automotive and QuantumScape.

Source: https://www.supplychaindive.com/news/volkswagon-powerco-battery-materials-deal-ev-novonix/734764/