Reported Late Thursday March 30, NOVONIX Enters Into Joint Venture Agreement With TAQAT Development Company To Produce Battery Materials In The Middle East and North Africa Region; NOVONIX Will Hold A 40% Stake In JV

Benzinga · Mar 31, 2023 12:20

Key Deal Terms:

NOVONIX Limited ("NOVONIX") and TAQAT Development Company ("TAQAT") have agreed to form an incorporated Joint Venture (JV) in the Kingdom of Saudi Arabia to produce high-performance graphite anode for use in electric vehicle ("EV") and energy storage system ("ESS") applications.
It is intended that the JV will undertake engineering for the facility in its first year with the target to begin facility construction in 2024.
NOVONIX will contribute access on a royalty-free basis to its proprietary intellectual property to the JV for the production and sales of high-performance graphite anode in the Middle East and...

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Reported Late Thursday March 30, NOVONIX Enters Into Joint Venture Agreement With TAQAT Development Company To Produce Battery Materials In The Middle East and North Africa Region; NOVONIX Will Hold A 40% Stake In JV

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