Novonix expands anode materials business

Novonix has announced its plan for the next phase of growth for Novonix Anode Materials in Chattanooga, Tennessee.

Novonix is under contract to purchase a building formerly owned by Alstom, which it plans to retrofit. The 400,000-square-foot plant, the company’s second facility in Chattanooga, will accommodate a planned 8,000-ton-per-year production operation. This phase of growth will bring the company’s total production capacity of anode materials to 10,000 tons per year—enough to supply over 100,000 EVs.

The plant is expected to come online by 2023.

Source: Novonix