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    Home > Finance > Automaker Stellantis scraps supply deal with Australia's Novonix
    Finance

    Automaker Stellantis scraps supply deal with Australia's Novonix

    Published by Global Banking & Finance Review®

    Posted on November 4, 2025

    2 min read

    Last updated: January 21, 2026

    Automaker Stellantis scraps supply deal with Australia's Novonix - Finance news and analysis from Global Banking & Finance Review
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    Tags:customerspartnershipfinancial communityinvestmentmarket capitalisation

    Quick Summary

    Stellantis terminates its supply deal with Novonix due to product disputes, causing a significant drop in Novonix shares and impacting future graphite supply plans.

    Table of Contents

    • Impact of Stellantis' Decision on Novonix and the Market
    • Details of the Terminated Agreement
    • Market Reaction and Stock Performance
    • Future Commitments and Partnerships

    Stellantis Ends Supply Agreement with Novonix Over Product Disputes

    Impact of Stellantis' Decision on Novonix and the Market

    (Reuters) -Australia's Novonix said on Tuesday that a unit of automaker Stellantis had terminated its offtake agreement with the battery materials supplier, citing an inability to agree on product specifications.

    Details of the Terminated Agreement

    Shares of the company fell as much as 15% to A$0.480, hitting its lowest level since October 3. The stock is eyeing its fourth consecutive session of losses.

    Market Reaction and Stock Performance

    The agreement, announced in November 2024, had outlined a minimum supply of 86,250 tonnes of battery-grade graphite over six years, with a target volume of up to 115,000 tonnes.

    Future Commitments and Partnerships

    The material was supposed to be shipped from Novonix's Riverside facility in Chattanooga, Tennessee, to Stellantis' cell manufacturing partners in North America.

    The Brisbane-headquartered firm said it was "disappointed" by Stellantis' decision but remains focused on its commitments to other clients, including Panasonic Energy and Volkswagen's battery unit PowerCo.

    Stellantis, the maker of Jeep, Fiat and Chrysler, among others, did not immediately respond to a Reuters request for comment.

    The company is also continuing to provide samples to 15 current and potential customers across battery and industrial applications.

    Last year, Novonix clinched a conditional $754.8 million loan commitment from the U.S. government to partially fund a proposed graphite plant in Tennessee.

    At full capacity, the proposed facility in Chattanooga is expected to produce about 31,500 metric tons a year of synthetic graphite, which can support the production of lithium-ion batteries for about 325,000 EVs each year, it had said.

    (Reporting by Rajasik Mukherjee in Bengaluru; Editing by Alan Barona)

    Key Takeaways

    • •Stellantis ends supply deal with Novonix over product issues.
    • •Novonix shares drop significantly following the announcement.
    • •The agreement involved a large supply of battery-grade graphite.
    • •Novonix remains committed to other clients like Panasonic.
    • •The Chattanooga plant aims to support EV battery production.

    Frequently Asked Questions about Automaker Stellantis scraps supply deal with Australia's Novonix

    1What is battery-grade graphite?

    Battery-grade graphite is a high-purity form of graphite used in the production of lithium-ion batteries, essential for electric vehicles and energy storage systems.

    2What is stock performance?

    Stock performance refers to the change in the price of a company's shares over time, often influenced by market conditions, company performance, and investor sentiment.

    3What are cell manufacturing partners?

    Cell manufacturing partners are companies that collaborate to produce battery cells, which are crucial components in electric vehicles and energy storage systems.

    4What is a conditional loan commitment?

    A conditional loan commitment is a promise from a lender to provide a loan, contingent upon certain conditions being met, such as the completion of due diligence or the borrower meeting specific criteria.

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