NOVONIX Faces Setback as Stellantis Terminates Offtake Agreement

An announcement from NOVONIX Ltd Sponsored ADR ( (NVX) ) is now available. On November 4, 2025, NOVONIX Limited announced the termination of its offtake agreement with FCA US LLC, a subsidiary of Stellantis NV, due to disagreements over battery cell product specifications and production milestones. Despite this setback, NOVONIX remains committed to its partnerships with Panasonic and PowerCo and continues to provide samples to other potential customers. The company’s Riverside facility is set to become a major production site for synthetic graphite, with plans for a second plant to meet growing demand, aiming for a total production capacity of over 50,000 tonnes per year. The most recent analyst rating on (NVX) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on NOVONIX Ltd Sponsored ADR stock, see the NVX Stock Forecast page. Spark’s Take on NVX Stock According to Spark, TipRanks’ AI Analyst, NVX is a Neutral. NOVONIX Ltd’s overall stock score is primarily impacted by its poor financial performance, characterized by ongoing operational losses and negative cash flows. The technical analysis further supports a bearish outlook, with the stock trading below key moving averages and weak momentum indicators. Valuation concerns are heightened by the negative P/E ratio, indicating unprofitability. These factors collectively result in a low overall stock score. To see Spark’s full report on NVX stock, click here. More about NOVONIX Ltd Sponsored ADR NOVONIX Limited is a leading company in the battery materials and technology industry, focusing on reducing supply chain risks and supporting U.S. energy independence. It aims to establish a resilient battery materials supply chain through its operations in Chattanooga, Tennessee, which include anode materials production and patented cathode synthesis technology. NOVONIX is positioned as an integrated supplier of advanced battery materials and technologies, contributing to the energy storage and electrification economy. Average Trading Volume: 2,913,991 Technical Sentiment Signal: Hold Current Market Cap: $309.9M Learn more about NVX stock on TipRanks’ Stock Analysis page.