NOVONIX Ltd (NVX) Form 6-K — Oct 19, 2026
NOVONIX has entered an amended and restated supply framework agreement with PowerCo SE, the Volkswagen Group battery company, replacing the binding offtake agreement signed in November 2024. The original deal committed PowerCo to a minimum of 32,000 tonnes of synthetic graphite over five years starting in 2027 for its St. Thomas, Ontario gigafactory. The new agreement removes that firm commitment and instead requires good-faith negotiation of a new offtake (volume and price) only after NOVONIX completes PowerCo's qualification process and obtains industrial certifications.
Key figures
- Original supply start
- 2027
- Original offtake term years
- 5
- Original minimum supply tonnes
- 32000
- Iso 14001 certification expected
- 2027
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