Panasonic Energy has joined forces with Novonix to secure a sustainable graphite supply for electric vehicle (EV) battery production. Under a binding off-take agreement, the Japanese company will source synthetic graphite from Novonix, a battery materials and technology firm headquartered in Queensland, Australia.
The partnership aims to enhance Panasonic Energy’s supply chain in North America while minimizing its environmental impact. Synthetic graphite from Novonix will be utilized in EV battery manufacturing facilities across the United States, with shipments expected to commence from Tennessee in 2025.
In alignment with its sustainability goals, Panasonic Energy targets a 50% reduction in the carbon footprint across the lithium-ion battery supply chain for electric vehicles by 2025, compared to 2022 levels. Through the agreement with Novonix, Panasonic Energy plans to procure 10,000 tons of graphite over the next four years.
In addition to collaborating with Novonix, Panasonic Energy has engaged with other partners to strengthen its supply chain. Notably, a recent partnership with Sila, a next-generation battery materials manufacturer, provided access to Titan Silicon, a nanocomposite silicon negative electrode, further advancing Panasonic’s commitment to innovative and sustainable battery production.
Despite recent changes in site selection, Panasonic Energy remains committed to expanding its electric vehicle battery manufacturing capacity in the United States, continuing its efforts to drive forward sustainable mobility solutions.