The Department of Energy is looking to cut billions more in federal funding, and many promising startups as well as automakers Ford, General Motors, and Stellantis could be affected by the Trump administration’s decision.The proposed cuts would cancel more than $500 million of contracts awarded to more than a dozen startups, according to a TechCrunch analysis of a internal document that has not become public yet. All of the proposed cuts are grants that had been awarded under the Bipartisan Infrastructure L ...

Sales of electric vehicles are growing strongly despite a certain unevenness in this growth across the globe. But overall, this growth is not strong enough to give battery researchers a break—work is still underway for batteries that are more reliable, faster to charge, and longer-living. In that, the EV industry may have a somewhat unlikely champion—none other than oil supermajor Exxon. Last week, Exxon announced it had invented a new graphite molecule that could extend the life of an electric vehicle ...

Core Viewpoint - The U.S. Department of Commerce has preliminarily determined to impose antidumping tariffs of 93.5% on anode active material (AAM), which includes synthetic and natural graphite imports from China, resulting in an effective tariff rate of 160% when combined with existing tariffs [1][2]. Group 1: Company Strategy and Operations - NOVONIX emphasizes the strategic importance of developing a domestic supply chain for critical minerals, particularly synthetic graphite, in North America, aligning with its business strategy and customer diversification efforts [2]. - The company operates the most advanced synthetic graphite production facility in North America and plans to significantly increase U.S. production of this essential mineral, thereby enhancing American manufacturing and creating high-quality jobs [2]. - NOVONIX's Riverside facility in Chattanooga is set to be the first large-scale production site for high-performance synthetic graphite in North America, with a total production capacity exceeding 50,000 tonnes per annum (tpa) when combined with its second facility at Enterprise South [3]. Group 2: Market Context and Regulatory Environment - The antidumping investigation assesses whether graphite is being sold at less than fair value, while the countervailing duty investigation evaluates if the Chinese government is subsidizing graphite AAM production for the U.S. market [2]. - The final determinations for both the antidumping and countervailing duty investigations are expected to be released around December 5, 2025 [2].

Core Viewpoint - The U.S. Department of Commerce has preliminarily determined to impose antidumping tariffs of 93.5% on anode active material (AAM), which includes synthetic and natural graphite imports from China, resulting in an effective tariff rate of 160% when combined with existing tariffs [1][2]. Company Summary - NOVONIX Limited is positioned to enhance domestic supply chains for critical minerals, particularly synthetic graphite, in North America, aligning with its business strategy and customer diversification efforts [2]. - The company operates the most advanced synthetic graphite production facility in North America and plans to significantly increase U.S. production of this strategic mineral, thereby creating high-quality jobs [2]. - NOVONIX's Riverside facility in Chattanooga is set to be the first large-scale production site for high-performance synthetic graphite in North America, with a total production capacity exceeding 50,000 tonnes per annum (tpa) across its facilities [3]. Industry Summary - The antidumping investigation assesses whether graphite is sold at less than fair value, while the countervailing duty investigation evaluates if the Chinese government subsidizes graphite AAM production for the U.S. market [2]. - The final determinations for both the antidumping and countervailing duty investigations are expected to be released around December 5, 2025 [2].

Anode Materials - NOVONIX signed a binding offtake agreement with Stellantis for up to a target volume of 115,000 tonnes of high-performance synthetic graphite materials from 2026 through 2031[19] - NOVONIX signed a binding offtake agreement with PowerCo for a minimum of 32,000 tonnes of high-performance synthetic graphite materials to be supplied from 2027 through 2031[19] - NOVONIX has an offtake agreement with Panasonic Energy for 10,000 tonnes of synthetic graphite over 4 years, starting in 2025[37] - NOVONIX Enterprise South is expected to reach a full production capacity of 31,500 tonnes per annum by the end of 2028[52] - NOVONIX's existing Riverside facility has a capacity of 20,000 tpa, and together with Enterprise South, the company plans to have a total production capacity of over 50,000 tpa by 2028[52] Corporate & Financials - NOVONIX received US$3.8 million in reimbursements on the MESC Grant in Q4 and US$12.9 million for the full year 2024[20] - NOVONIX's quarter-end cash balance was US$42.6 million[20] - NOVONIX has a conditional commitment for a US$754 million loan from the U S Department of Energy for a new synthetic graphite manufacturing plant in Tennessee[11, 19] Cathode Technology - NOVONIX's cathode pilot line has a nameplate capacity of 10 tpa[59] Trade Case - Experts estimate dumping margins as high as 920% on Chinese exports of graphite[56] - China currently has over 95% market share for battery grade graphite[56]