Novonix Limited (ASX: NVX), previously GraphiteCorp Limited (ASX: GRA), has transformed from a developer of a flake graphite deposit into a supplier of advanced battery materials, equipment and services to the global Lithium Ion Battery (LIB) market - NOVONIX designs, manufactures and supplies high precision Lithium Ion Battery (LIB) testing equipment and services, developing and manufacturing the worlds most accurate high precision battery testing equipment.
The company supplies it’s products and services to a number of high profile customers including PANASONIC, TESLA, CATL, Apple, 3M, BOSCH and Dyson. The recent transition to a supplier of advanced battery materials and equipment and services to the global LIB market has positioned the company to take advantage of the rapidly growing LIB market.
The key growth driver for the company will be the PUREgraphite business, which could transform the company into a global player in the production of LIB anode material - nonetheless at this point in time it is a speculative investment: (VIEW LINK)
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