Chattanooga, Tennessee — According to state and local economic development sources NOVONIX plans to invest $160,000,000.00 to build out 400,000 square feet of new space in Chattanooga. The company plans to occupy the new space at 353 Corporate Pl in Chattanooga, on or about October 1, 2022. According to the company website Adoption of battery technology can’t happen fast enough. Batteries need to perform better, cost less, and leave less of an environmental footprint. NOVONIX is a battery materials and technology company, enabling an electrified future for electric vehicles and grid energy storage. We bring better battery technology to market rapidly by leveraging our advanced R&D capabilities, proprietary technology, and strategic relationships. NOVONIX provides the most accurate and precise battery testing services and equipment in the world, delivering results rapidly in a matter of weeks. Our battery solutions include: Performance testing; Prototyping, development, and demonstration services; and Equipment sales. NOVONIX is the first contracted supplier of USA-made, high-capacity, long-life synthetic anode material, with a sales agreement with Samsung SDI, and an MOU agreement with SANYO. Our anode material has achieved ‘multi-million-mile’ performance, as well as superior coulombic efficiency and cycle life compared to industry leading materials.

To learn more about NOVONIX, visit http://www.novonixgroup.com/

Company Contact:
Chris Burns, Chief Executive Officer
chris@novonixgroup.com
https://www.linkedin.com/in/chris-burns-34a3488/
782-888-0528

SOURCE: http://www.intelligence360.io
Copyright (c) 2021 SI360 Inc. All rights reserved