Panasonic Energy partners with NOVONIX for securing supply of synthetic graphite
With its its battery material plant located in Bécancour, Quebec, NMG claims to operate under "mine-to-battery-material" model, and will produce natural graphite from its Matawinie mine in Quebec to produce anode active materials.
The vertically integrated model positions NMG as an ideal partner to support Panasonic Energy's plan to build a robust supply chain in North America, according to the battery materials supplier.
NMG's carbon-neutral graphite material will not only strengthen Panasonic Energy's supply chain in North America, but also support the company's goal of reducing its carbon footprint to 50 percent of its 2022 level by 2031, it adds.
It is to be noted that the governments of Japan and Canada had previously agreed on a MoC on battery supply chains back in September 2023 by way of deepened bilateral partnerships. This is expected to help Panasonic's outreach in the North American market that is recognized as the second-largest in terms of vehicle sales.
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