Core Viewpoint - NOVONIX Limited has completed an independent assessment of its Riverside production facility, reinforcing its plans for commercial production and highlighting the importance of government support in achieving production economics [1][2][3]. Production Capacity and Timeline - The Riverside facility is on track to achieve an initial production capacity of 3,000 tonnes per annum (tpa) by the end of 2024, with all primary production equipment either in place or ordered [2]. - The company aims to reach a targeted capacity of 20,000 tpa at the Riverside facility [3]. Financial Support and Production Economics - NOVONIX has received significant government support, including a US$100 million grant and a US$103 million tax credit, which are expected to positively impact operating margins [3][4]. - At the targeted capacity, the company anticipates operating margins between 23-30%, with operating costs estimated at US$6-8/kg and selling prices projected at US$7-10/kg [4]. Strategic Positioning and Market Impact - The completion of the independent engineering review and government support underscores NOVONIX's commitment to localizing the battery supply chain and its leadership in the synthetic graphite market [5]. - The company is focused on innovation and sustainability in battery materials manufacturing, positioning itself for success in the electric vehicle and energy storage systems sectors [7].
NOVONIX Completes Independent Engineering Assessment of Riverside Facility