Novonix Shares Fall as Stellantis Unit Ends Offtake Deal Immediately

Novonix has announced that a Stellantis unit has ended their offtake deal effective immediately. The news has caused Novonix's shares to drop pre-bell. The company manufactures battery cell testing equipment, synthetic graphite anode material, and cathode synthesis processes. Their segments include Battery Materials, Battery Technology, and Graphite Exploration, serving battery manufacturers, materials companies, automotive OEMs, and consumer electronics manufacturers.