Australian companies received $0.7 billion in loan support from the U.S. Department of Energy to build the first large-scale synthetic graphite plant in North America.
① NOVONIX received a conditional loan of 0.754 billion USD from the US Energy Department to build a synthetic graphite manufacturing plant in Tennessee; ② The new factory is expected to be fully operational by the end of 2028, with an annual production of 0.0315 million tons of synthetic graphite, supporting the production of about 0.325 million electric vehicle Batteries.
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