Panasonic and GM have signed multiple long-term supply agreements for anode active materials, namely graphite, in a bid to secure a North American battery supply chain and ensure eligibility for IRA credits. Panasonic and GM have each signed an agreement with Canada’s Nouveau Monde Graphite (NMG) whilst Panasonic signed an additional agreement with NOVONIX, an Australian battery materials company based in Tennessee.

NOVONIX, a large-scale synthetic graphite producer

Panasonic signed an off-take agreement amounting to the purchase of 10,000 tonnes of anode materials from 2025-2028, with the possibility of this increasing. The synthetic graphite anode material will be supplied to Panasonic from NOVONIX’s Riverside facility in Chattanooga, Tennessee. The Riverside facility is expected to come online by the end of 2024, NOVONIX has the ambition of reaching a 20,000 tonnes per annum capacity. Aiding it to do so, the company recently secured a USD100 million grant from the Department of Energy (DoE).

NMG suppling the North American EV market with Natural Graphite

A week after the NOVONIX agreement, it was announced that both Panasonic and GM had signed an agreement with…

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