最新ニュース NOVONIX (NASDAQ:NVX) 株価情報

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NOVONIX Ltd operates in the lithium-ion battery industry. The company has three operating segments namely Graphite Exploration and Mining, Battery Technology, and NOVONIX Anode Materials. Graphite Exploration and Mining segment is engaged in the exploration and development of high-grade flake graphite deposits. The NOVONIX Anode Materials segment develops and manufactures battery anode materials. The Battery Technology segment develops battery cell testing equipment and carries out research and development in battery development. The Battery Technology segment generates maximum revenue for the company.

NOVONIX Limited - American Depository Shares

NOVONIX Ltd

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Uxin Limited shares are trading higher after the company announced it had secured a 32,000-tonne offtake agreement with Volkswagen.

Shares of Uxin Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UXIN#NYSE">UXIN</a>) rose sharply in today's pre-market trading after the company reported <a href="https://www.benzinga.com/quote/UXIN/earnings">second-quarter financial results.</a>
Uxin posted quarterly sales of $70.85 million, up from $48.80 million in the year-ago period
Uxin shares rose 3% to $6.50 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Rigetti Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) gained 59.2% to $2.77 in pre-market trading after climbing around 18% on Friday.</li>
<li>Quantum Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMCO#NASDAQ">QMCO</a>) rose 40.4% to $12.84 in pre-market trading after jumping 127% on Friday.</li>
<li>KULR Technology Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KULR#NYSE">KULR</a>) gained 29.8% to $0.5777 in pre-market trading after gaining around 7% on Friday.</li>
<li>Exicure, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XCUR#NASDAQ">XCUR</a>) gained 28.4% to $23.59 in pre-market trading after jumping around 69% on Friday.</li>
<li>Arqit Quantum Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARQQ#NASDAQ">ARQQ</a>) gained 22% to $15.76 in pre-market trading after gaining 21% on Friday.</li>
<li>NOVONIX Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVX#NASDAQ">NVX</a>) gained 19.1% to $2.31 in pre-market trading. Novonix secured a 32,000-tonne offtake agreement with Volkswagen&#8217;s PowerCo for synthetic graphite supply.</li>
<li>Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) gained 16.9% to $7.13 in pre-market trading after jumping 28% on Friday.  </li>
<li>Allot Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLT#NASDAQ">ALLT</a>) climbed 16.7% to $4.94 in pre-market trading. Allot, last week, reported better-than-expected quarterly financial results.</li>
<li>Lionsgate Studios Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LION#NASDAQ">LION</a>) gained 11.2% to $7.89 in pre-market trading.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Akoustis Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTS#NASDAQ">AKTS</a>) shares tumbled 37.5% to $0.0629 in pre-market trading</li>
<li>Aptose Biosciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APTO#NASDAQ">APTO</a>) shares fell 17.8% to $0.1560 in pre-market trading. Aptose Biosciences shares dipped 22% on Friday after the company announced the pricing of an $8 million public offering.</li>
<li>X3 Holdings Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTKG#NASDAQ">XTKG</a>) declined 16.6% to $1.76 in pre-market trading.</li>
<li>NewGenIvf Group Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIVF#NASDAQ">NIVF</a>) fell 16.1% to $0.43 in pre-market trading after declining 6% on Friday.</li>
<li>Elevai Labs Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELAB#NASDAQ">ELAB</a>) fell 13.9% to $0.0173 in pre-market trading. Elevai Labs implemented a 1-for-200 reverse stock split to retain Nasdaq listing, reducing shares to 3.07 million.</li>
<li>Gold Resource Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GORO#NYSE">GORO</a>) shares fell 13.1% to $0.1368 in pre-market trading after gaining 6% on Friday.</li>
<li>Digital Brands Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) dipped 12.4% to $0.1063 in pre-market trading after falling over 4% on Friday.</li>
<li>ZIM Integrated Shipping Services Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) shares dipped 6.9% to $22.15 in pre-market trading. ZIM Integrated Shipping Services, last week, reported better-than-expected third-quarter financial results and raised its FY24 adjusted EBIT and EBITDA guidance.</li>
<li>ChromaDex Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDXC#NASDAQ">CDXC</a>) fell 5.9% to $7.00 in pre-market trading.</li>
<li>Kingsoft Cloud Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) fell 4.3% to $6.90 in today's pre-market trading after jumping around 25% on Friday. Kingsoft Cloud, last week, reported a fiscal third-quarter 2024 revenue of 1.89 billion Chinese yuan ($268.7 million), up by 16.0% year-on-year, beating the analyst consensus estimate of $247.46 million</li>
</ul>
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Why Uxin Shares Are Trading Higher; Here Are 20 Stocks Moving Premarket

Offtake for a minimum of 32,000 tonnes of NOVONIX's high-performance synthetic graphite material to be supplied to PowerCo from 2027-2031

Reported Sunday, NOVONIX Secures 32,000-Tonne Offtake Agreement With Volkswagen's PowerCo For Synthetic Graphite Supply

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NOVONIX shares are trading higher after the company announced a six-year offtake agreement with Stellantis to provide synthetic graphite for North American battery production.

<ul>
<li>Offtake for NOVONIX's high-performance synthetic graphite material to be supplied to Stellantis' cell manufacturing partners in North America</li>
<li>Agreement for up to a target volume of 115,000 tonnes of synthetic graphite material from 2026-2031</li>
</ul>

Reported Sunday, NOVONIX And Stellantis Forge Six-Year Offtake Agreement, Targeting 115,000 Tonnes Of Synthetic Graphite For North American Battery Production

<h3>Gainers</h3>
<ul>
<li>Agora (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/API#NASDAQ">API</a>) shares moved upwards by 9.0% to $3.39 during Thursday's pre-market session. The company's market cap stands at $309.3 million. </li>
<li>ZenaTech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZENA#NASDAQ">ZENA</a>) stock increased by 8.16% to $2.0. The market value of their outstanding shares is at $35.3 million. </li>
<li>Yxt.Com Group Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YXT#NASDAQ">YXT</a>) stock moved upwards by 7.93% to $2.72. The company's market cap stands at $163.4 million. </li>
<li>Next Technology Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXTT#NASDAQ">NXTT</a>) stock moved upwards by 6.94% to $1.26. The company's market cap stands at $8.8 million. </li>
<li>Zapata Computing Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZPTA#NASDAQ">ZPTA</a>) stock moved upwards by 6.65% to $0.25. The company's market cap stands at $9.6 million. </li>
<li>NOVONIX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVX#NASDAQ">NVX</a>) shares increased by 5.7% to $2.41. The company's market cap stands at $297.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>E2open Parent Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETWO#NYSE">ETWO</a>) stock declined by 23.3% to $3.13 during Thursday's pre-market session. The company's market cap stands at $963.9 million. As per the press release, Q2 earnings came out yesterday. </li>
<li>Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) stock decreased by 19.53% to $0.57. </li>
<li>Banzai International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNZI#NASDAQ">BNZI</a>) stock decreased by 7.89% to $4.62. The company's market cap stands at $15.8 million. </li>
<li>LeddarTech Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LDTC#NASDAQ">LDTC</a>) stock decreased by 7.01% to $0.25. The market value of their outstanding shares is at $7.3 million. </li>
<li>Signing Day Sports (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SGN#AMEX">SGN</a>) stock declined by 5.67% to $0.25. The market value of their outstanding shares is at $4.5 million. </li>
<li>Alpha Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGL#NASDAQ">ATGL</a>) stock decreased by 4.77% to $6.4. The market value of their outstanding shares is at $97.6 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Thursday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Astera Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>) shares rose 16.5% to $61.7 during Wednesday's pre-market session. The market value of their outstanding shares is at $9.6 billion. </li>
<li>NiSun Intl Enterprise Dev (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NISN#NASDAQ">NISN</a>) stock moved upwards by 11.57% to $21.4. The market value of their outstanding shares is at $84.5 million. </li>
<li>Banzai International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNZI#NASDAQ">BNZI</a>) stock increased by 9.39% to $3.02. The market value of their outstanding shares is at $10.3 million. </li>
<li>Vuzix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VUZI#NASDAQ">VUZI</a>) shares rose 5.78% to $1.28. The market value of their outstanding shares is at $94.2 million. </li>
<li>NOVONIX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVX#NASDAQ">NVX</a>) stock rose 5.61% to $2.07. The market value of their outstanding shares is at $255.5 million. </li>
<li>SEALSQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) shares increased by 5.59% to $0.44. The company's market cap stands at $13.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Mobilicom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOB#NASDAQ">MOB</a>) shares decreased by 17.8% to $0.95 during Wednesday's pre-market session. The market value of their outstanding shares is at $6.0 million. </li>
<li>Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) stock decreased by 14.73% to $0.77. </li>
<li>MMTEC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) stock declined by 8.96% to $0.39. The market value of their outstanding shares is at $77.9 million. </li>
<li>SPI Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPI#NASDAQ">SPI</a>) stock fell 5.95% to $0.48. The market value of their outstanding shares is at $15.1 million. </li>
<li>Nano Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NA#NASDAQ">NA</a>) stock fell 5.57% to $0.84. The market value of their outstanding shares is at $82.5 million. </li>
<li>Kingsoft Cloud Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) shares decreased by 5.37% to $3.35. The company's market cap stands at $795.5 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Wednesday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Agora (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/API#NASDAQ">API</a>) stock moved upwards by 136.4% to $6.5 during Wednesday's pre-market session. The market value of their outstanding shares is at $593.3 million. </li>
<li>MMTEC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) stock rose 36.96% to $0.64. The market value of their outstanding shares is at $127.7 million. </li>
<li>Kingsoft Cloud Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) shares rose 15.98% to $3.7. The market value of their outstanding shares is at $878.6 million. </li>
<li>OneConnect Financial Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OCFT#NYSE">OCFT</a>) stock moved upwards by 15.68% to $3.18. The company's market cap stands at $124.0 million. </li>
<li>AMTD Digital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HKD#NYSE">HKD</a>) stock rose 11.19% to $3.56. The company's market cap stands at $683.7 million. </li>
<li>NOVONIX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVX#NASDAQ">NVX</a>) shares rose 10.81% to $2.05. The market value of their outstanding shares is at $253.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Akoustis Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTS#NASDAQ">AKTS</a>) shares fell 9.0% to $0.07 during Wednesday's pre-market session. The company's market cap stands at $7.5 million. </li>
<li>Alpha Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGL#NASDAQ">ATGL</a>) stock decreased by 7.39% to $5.51. The company's market cap stands at $84.1 million. </li>
<li>Syntec Optics Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPTX#NASDAQ">OPTX</a>) stock fell 6.23% to $1.1. The company's market cap stands at $40.3 million. </li>
<li>ClearOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLRO#NASDAQ">CLRO</a>) shares fell 5.57% to $0.59. The company's market cap stands at $14.0 million. </li>
<li>Microvision (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVIS#NASDAQ">MVIS</a>) stock declined by 5.36% to $1.06. The market value of their outstanding shares is at $225.5 million. </li>
<li>Neonode (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEON#NASDAQ">NEON</a>) stock fell 4.59% to $7.7. The market value of their outstanding shares is at $119.0 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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<h3>Gainers</h3>
<ul>
<li>Mercurity Fintech Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MFH#NASDAQ">MFH</a>) stock moved upwards by 15.2% to $1.59 during Friday's pre-market session. The market value of their outstanding shares is at $96.7 million. </li>
<li>Alpha Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGL#NASDAQ">ATGL</a>) shares moved upwards by 14.4% to $4.21. The company's market cap stands at $64.2 million. </li>
<li>MMTEC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) stock increased by 13.28% to $0.38. The company's market cap stands at $75.2 million. </li>
<li>IonQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) shares increased by 8.55% to $8.75. The market value of their outstanding shares is at $1.8 billion. </li>
<li>NOVONIX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVX#NASDAQ">NVX</a>) stock increased by 8.04% to $1.88. The market value of their outstanding shares is at $232.0 million. </li>
<li>OneConnect Financial Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OCFT#NYSE">OCFT</a>) shares increased by 7.84% to $1.65. The market value of their outstanding shares is at $64.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Intchains Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICG#NASDAQ">ICG</a>) shares declined by 14.5% to $7.25 during Friday's pre-market session. The company's market cap stands at $435.0 million. </li>
<li>Trident Digital Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDTH#NASDAQ">TDTH</a>) shares declined by 10.21% to $3.43. The market value of their outstanding shares is at $221.3 million. </li>
<li>MeridianLink (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLNK#NYSE">MLNK</a>) stock declined by 6.55% to $21.42. The company's market cap stands at $1.6 billion. </li>
<li>Saverone 2014 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVRE#NASDAQ">SVRE</a>) shares decreased by 4.23% to $0.14. The company's market cap stands at $2.7 million. </li>
<li>Peraso (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRSO#NASDAQ">PRSO</a>) stock decreased by 3.52% to $1.33. The market value of their outstanding shares is at $3.7 million. </li>
<li>DatChat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DATS#NASDAQ">DATS</a>) stock decreased by 3.28% to $1.18. The market value of their outstanding shares is at $3.5 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Friday's Pre-Market Session

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Shares of companies within the broader technology sector are trading higher amid strength with Micron after the company reported strong earnings.

Under the agreement, NOVONIX will use its patented all-dry, zero-waste synthesis process to synthesize, test, and analyze cathode active materials (&quot;CAM&quot;) that will incorporate CBMM&#39;s suite of niobium products with the goal of developing a CAM with improved performance at a lower cost.

Reported Earlier, NOVONIX And CBMM Forge Joint Development Agreement Focused On Cathode Materials

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Shares of stocks in the broader tech sector are trading lower amid a sell off due to US economy concerns.

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Reported Earlier, NOVONIX Names Robert Long As Chief Financial Officer, Effective September 1

NOVONIX Limited Announced It Has Been Granted A Patent For Its Proprietary All-dry, Zero-waste Cathode Synthesis Technology In Japan

General

CORRECTION: Novo Nordisk Ticker is "NVO"

<h3>Gainers</h3>
<ul>
<li>Spectaire Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPEC#NASDAQ">SPEC</a>) stock moved upwards by 148.9% to $0.85 during Friday's pre-market session. The company's market cap stands at $15.6 million. </li>
<li>Ascent Solar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTI#NASDAQ">ASTI</a>) stock rose 35.31% to $0.15. The market value of their outstanding shares is at $13.2 million. </li>
<li>Sequans Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>) shares moved upwards by 14.46% to $0.55. The company's market cap stands at $34.0 million. The company's, Q1 earnings came out 3 days ago. </li>
<li>Minim (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MINM#NASDAQ">MINM</a>) shares increased by 10.13% to $3.15. The market value of their outstanding shares is at $8.8 million. </li>
<li>DatChat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DATS#NASDAQ">DATS</a>) shares rose 8.15% to $1.34. The market value of their outstanding shares is at $4.0 million. </li>
<li>NOVONIX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVX#NASDAQ">NVX</a>) stock moved upwards by 5.88% to $1.8. The company's market cap stands at $220.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Perfect (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PERF#NYSE">PERF</a>) stock decreased by 12.5% to $1.61 during Friday's pre-market session. The company's market cap stands at $163.9 million. </li>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) stock fell 12.38% to $0.14. The market value of their outstanding shares is at $5.5 million. </li>
<li>Movano (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOVE#NASDAQ">MOVE</a>) shares fell 11.35% to $0.35. The market value of their outstanding shares is at $34.3 million. </li>
<li>SmartKem (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTK#NASDAQ">SMTK</a>) stock declined by 8.19% to $5.91. The market value of their outstanding shares is at $10.1 million. </li>
<li>MMTEC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) shares declined by 6.95% to $0.35. The company's market cap stands at $69.6 million. </li>
<li>SPI Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPI#NASDAQ">SPI</a>) shares fell 6.49% to $0.43. The company's market cap stands at $13.5 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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By M. Marin
EV + hybrids 12.7% of Ford&#39;s &lsquo;24 vehicle sales to-date vs 8.3% in same period of &lsquo;23&hellip; 
We view strong 2024 electric vehicle (EV) sales as positive for Novonix (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvx#NASDAQ">NVX</a>). Last week, Ford Motor Company&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>) provided statistics on vehicle sales to-date in 2024. Through the end of May, Ford had sold 37,208 EVs, up 87.8% year-over-year compared to 19,809 units during the same period of 2023. Sales of hybrid vehicles reached 74,049 units compared to 49,061 in 2023. That represents a 50.9% increase. EV sales are still relatively small as a percentage of total sales, but based on the 2024 data are gaining share versus traditional ICE (internal combustion engine) vehicles. For example, EVs have thus far represented 4.2% of Ford&#39;s total vehicle sales in 2024 compared to 2.4% during the same period of 2023. EV and hybrids combined represented 12.7% of Ford&#39;s total vehicle sales in 2024 compared to 8.3% during the same period of 2023.
<img src="//s27.q4cdn.com/906368049/files/pictures/2024/06112024_NVX_1.png" style="width:650px" />
Similarly, the CEO of General Motors Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>) indicated that May 2024 was its best month ever for EV sales in North America, according to Investor&#39;s Business Daily, despite recent fluctuations reflecting, among other factors, Bolt. In July 2021, GM recalled certain 2017&ndash;2019 models of its Chevrolet Bolt EV. GM continues to reaffirm its stated &quot;commitment to an all-electric future and meeting required fuel efficiency standards.&quot;
EVs and hybrids comprise a small but growing fraction of the total number of cars sold in the world. According to the International Energy Agency (IEA), EV &quot;sales neared 14 million in 2023. The share of electric cars in total sales has increased from around 4% in 2020 to 18% in 2018.&quot; According to IEA data, the U.S. generally ranks among the largest markets in terms of new EV sales per annum.
<img src="//s27.q4cdn.com/906368049/files/pictures/2024/06112024_NVX_2.png" style="width:650px" />
Numerous agreements to secure demand 
Reflecting rising consumer adoption of electric vehicles (EVs) and installations of electric storage systems (ESS), among other factors, demand for lithium-ion batteries is expected to grow significantly. To benefit from the anticipated surge in battery sales to power a variety of products, including EVs, consumer electronics and ESS, among others, Novonix&#39;s strategy is to become a tier-one global supplier in the rapidly growing advanced materials market and lithium-ion battery space.
NVX has signed numerous agreements to secure demand for its advanced materials. For example, NVX recently signed a binding off-take agreement to supply high-performance synthetic graphite anode material to Panasonic Energy&#39;s North American operations. The materials will come from Novonix&#39;s Riverside facility, which is located in Chattanooga, Tennessee. Panasonic Energy has agreed to purchase at least 10,000 tonnes of anode material over the 2025-2028 period for use in its U.S. plants, subject to Novonix achieving certain milestones regarding final mass production qualification timelines prior to 4Q25.
Another recent agreement is with PowerCo SE, which is part of the Volkswagen Group and was formed for Volkswagen to bundle its global battery activities into one key operating group. PowerCo oversees Volkswagen&#39;s global factory operations, cell technology developments and vertical integration. PowerCo has identified three gigafactory locations with aggregate capacity of up to 200 GWh per annum. One is located in Salzgitter, Germany, which is where PowerCo is based. The other two are in Valencia, Spain and St. Thomas, Canada. The two have signed a non-exclusive Testing and Development Agreement (TDA) to develop, test and analyze synthetic graphite anode materials customized to meet PowerCo&#39;s requirements. If the results are successful, the two might then enter into a supply agreement for developed products. NVX has entered into similar agreements with others that have led to supply deals.
In addition, Novonix expects to deliver anode material to Kore Power from the Riverside plant. Per the terms of an agreement with LG Energy Solution (LGES), LGES will have the option to purchase up to 50,000 tons of artificial graphite anode material over a 10-year period once mass production commences.&nbsp;We view these and other agreements as significant positives for NVX and believe agreements with leading participants related to the battery cell space underscore the benefits of and validate Novonix&#39;s strategy. We anticipate additional agreements in the near- to medium-term, as NVX continues its strategy to secure demand in advance of commercial production at the Riverside plant. Moreover, these agreements fulfill an important component of the company&#39;s 2024 four key objectives:
We view these and other agreements as significant positives for NVX and believe agreements with leading participants related to the battery cell space underscore the benefits of and validate Novonix&#39;s strategy. We anticipate additional agreements in the near- to medium-term, as NVX continues its strategy to secure demand in advance of commercial production at the Riverside plant. Moreover, these agreements fulfill an important component of the company&#39;s 2024 four key objectives:
&#9642; Pursue / maintain industry leading R&amp;D efforts for battery materials
&#9642; Scale operations &ndash; NVX believes it is on-track for timeline to deliver commercial production
&#9642; Secure new demand &ndash; NVX continues providing samples to major Tier 1 prospective customers
&#9642; Obtain additional financing &ndash; NVX has been awarded funds from DOE, industrial leader partners
NVX material shows ~30%-60% lower global warming potential&hellip;
NVX&#39;s &lsquo;cleaner&#39; materials compared to that of competitors reflects its lower carbon intensive production method, as well as its proximity to North American end markets. In testing its materials, the company has found that they are as or more effective compared to other products. In a study comparing its synthetic anode graphite material to that supplied from China, the leading source of the material, Novonix material demonstrated a roughly 30% to 60% decrease in GWP (global warming potential) when compared to synthetic graphite produced in two key regions in China that account for a combined 79% of global production of synthetic anode material, according to the study.
&hellip; and also outperforms for EV range, charge retention &hellip;
All in all, the company has tested its anode materials compared to industry leading materials including a Tesla Model S cell used as a reference benchmark and based on test results, the company believes that its anode material outperforms in direct head-to-head testing.
<img src="//s27.q4cdn.com/906368049/files/pictures/2024/06112024_NVX_3.png" style="width:650px" />
The proximity of NVX&#39;s Tennessee plant also means that the overall distribution carbon footprint is likely to be lower than for that of materials from overseas competitors. The current supply of critical battery materials is sourced primarily from China (see below). Moreover, sourcing critical battery materials primarily from China has other potential risks, in our opinion, including possible delivery disruption due to logistics challenges and due to geopolitical challenges, particularly given sometimes shifting trade relations between China and the U.S.
<img src="//s27.q4cdn.com/906368049/files/pictures/2024/06112024_NVX_4.png" style="width:650px" />
Tariffs, other risks related to sourcing material from China &hellip; 
Manufacturers in China produce about 65% of the world&#39;s graphite, according to the U.S. Geological Survey, and Chinese companies control an estimated 80+% of the market for automotive battery anodes. Moreover, sourcing critical battery materials primarily from China has potential risks, including geopolitical and economic. For example, tariffs and quotas can make materials supplied from China more costly and restrict the supply. Recently the U.S. Trade Representative (USTR) announced new, extended or higher tariffs from China effective June 15, 2024. NVX expects this will make its material more competitively priced. This is also likely to encourage continued development of a North American supply chain, in our view. NVX believes China&#39;s measures underscore the need for North American producers to develop a local supply chain for battery materials in the U.S.
Regulatory incentives in place to develop local battery space, supply chain&hellip; 
Conversely, the proximity of NVX&#39;s Tennessee plant is a competitive advantage compared to materials from China. Importantly, Novonix believes it has first mover advantage as an early manufacturer of synthetic graphite in North America. It also expects to benefit from regulatory incentives to develop clean energy sources. recent regulatory indications are favorable for NVX; synthetic graphite is eligible for rebates under government programs.
The Inflation Reduction Act (IRA) provides economic incentives to companies that are developing a local supply chain for batteries and battery materials. These benefits support the production of critical minerals and battery materials such as synthetic graphite, for which Novonix will be eligible, and for local manufacturing of battery cells and Panasonic Energy&#39;s North American plants will qualify.

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