# NOVONIX and Stellantis sign binding offtake agreement for synthetic graphite

NOVONIX Limited and Stellantis NV signed a binding offtake agreement for a minimum of 86,250 tonnes, up to 115,000 tonnes of high-performance synthetic graphite material. The material will be supplied to Stellantis' cell manufacturing partners in North America from 2026 to 2031.

- Type: Contract
- Announced: 2024-11-10
- Where: North America, United States
- Status: announced
- Capacity: 115,000 tonnes synthetic graphite
- Products: synthetic graphite material
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [NOVONIX](https://endata.com/companies/55965.md)
- [Volkswagen](https://endata.com/companies/533.md) (customer)
- [Stellantis](https://endata.com/companies/7966.md) (customer)
- [NOVONIX](https://endata.com/companies/55965.md) (supplier)
- [PowerCo](https://endata.com/companies/65548.md) (customer)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2024/11/10/2978012/0/en/novonix-and-stellantis-sign-binding-offtake-agreement.html), 2024-11-10: "We are excited to have Stellantis' commitment, now as our largest customer, to support their North American EV growth plans."
- [ir.novonixgroup.com](https://ir.novonixgroup.com/news-releases/news-release-details/novonix-and-stellantis-sign-binding-offtake-agreement), 2024-11-10: "We are excited to have Stellantis' commitment, now as our largest customer, to support their North American EV growth plans."
- [forbes.com](https://www.forbes.com/sites/michaeltaylor/2024/11/26/volkswagen-commits-to-massive-novonix-ev-component-supply-deal/), 2024-11-26: "Volkswagen has been once bitten by its EV investment push, but it isn't twice shy, after signing a multi-million dollar contract with Australian battery material supplier Novonix."
- [supplychaindive.com](https://www.supplychaindive.com/news/volkswagon-powerco-battery-materials-deal-ev-novonix/734764/), 2024-12-06: "Under the agreement, Novonix will supply PowerCo with at least 32,000 tonnes of synthetic graphite material for EV battery production, starting in 2027."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.