$NVX NEWS - HUGE if true.

Found this online, couldn't confirm it elsewhere but supposedly from behind paywall of AllNovaScotia.com

#Novonix expanding in Bedford to make low-cost battery

Spending $1.5m to add 8,800sqft for cathode pilot processing facility
1/ ..
2/
@NovonixBattery allegedly came up with new, low-cost process to synthesize battery material, with help of Mark Obrovac’s lab at Dal.

Process helps solve one of the greatest challenges – cost – as the current method to process cathodes is expensive and creates waste.
3/
Likely to have effect on mainstream EV adoption. CEO Chris Burns: “Why don’t we see more EV on the road? Not bc range isn’t far enough. All “inconveniences” people have always been concerned about almost don’t exist anymore. The challenge is cost”, he told allNovaScotia.
4/
“So everything we focus on is around how we can produce competitive, best-in-class performance materials with lower cost structure“

New business model introduced at Novonix after acquired in 2017 allows the company to focus on research it can spin off into new business lines.
5/
30-person outfit was spun out of Jeff Dahn’s lab at Dal in 2013, with co-founders Burns and David Stevens beginning to ship battery testing hardware a year later.

Been working since at least 2019 with Obrovac, a Dal grad who researched batteries under Dahn
6/
Novonix has recently filed patent applications on the low-cost DRY PARTICLE MICROGRANULATION process it developed with Obrovac’s lab to synthesize CATHODES.

Technology and electrolyte systems using process to be developed in Novonix’s new “pilot processing facility”
7/
Considered a pilot as it may one day become a STANDALONE business line.

“As we continue to progress, that project may be outgrowing the building to a new dedicated site. We would love to keep opportunities here, whenever possible "
8/
“There’s no reason that we can’t be a part of this amazing ecosystem for battery materials and the entire battery sector growth.

The challenge for us has always been the commercialization side and scaling businesses here cost-effectively”.
9/
Expansion to increase Novonix footprint to 23,300sqft, including the pilot processing facility, new warehouse &office space

Work has begun and is expected to complete by June, just in time for Dahn’s arrival as chief scientific adviser
@LimitingThe @BatteryBulletin @jpr007
10/
Also tagging $NVNXF
@threadreaderapp unroll please

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Connecting the Dots⚡🚗🌎🚀🔴 to Disruption✨🏄‍♀️🌟

Connecting the Dots⚡🚗🌎🚀🔴 to Disruption✨🏄‍♀️🌟 Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @ConnectingODots

31 Jan
UAW preparations towards the EV disruption

Interesting interview. They realize LOTS of jobs will be lost, and are taking steps.

A few gems here
1/
2/
Previously UAW tried to stall EV penetration (see GM labor deal), now they realize battle is lost and are dealing with it.

Last year they made a plan... some steps are logical, some delusional.

FD: I am not against organized work. It can be important when done right.
3/
The baseline for their plan is that 30% of jobs will be lost.

What's interesting is number is taken from OEM's assessments - so AMERICAN OEMs STILL DON'T GET IT!
Read 21 tweets
24 Jan
EXTREMELY IMPORTANT INTERVIEW FOR INVESTORS
Especially new ones!

I disagree with most of it, but ULTRA-IMPORTANT!

Here's why
1/

@stevenmarkryan
@jpr007 @stekkerauto @garyblack00 @TeslaBest @iamtomnash @TeslaPodcast @EvaFoxU @WR4NYGov
$TSLA #Investing
2/ Grantham from GMO is labeled as a value investor, but don't let it fool you. Unlike other "geniuses" he doesn't just check P/E or P/S, but also factors in growth, including possibly huge growth.

Ultimately his preference or bias is for dividend stocks, but he's doing it right
3/ He sees the current condition as a bubble that should burst in. 2 months - unless further inflated by the fed.

If you disagree don't stop reading. Important!
Read 16 tweets
8 Jan
THE REAL CASE AGAINST X.COM

@elonmusk PLEASE DON'T
@larryellison
PLEASE DON'T
IMPORTANT MORE THAN MONEY!

@heydave7 suggested a GREAT idea which i OPPOSE.
Watch his vid as well as @stevenmarkryan's and @WR4NYGov's for pros and cons - BUT THIS IS DIFFERENT
1/
2/ i agree with a lot of the points made - and that is why I oppose it. Its strengths are its weakness!

it WILL be the world's largest company. Every engineer, scientist etc. WILL want to work there. It WILL advance the move to occupy Mars.

BUT...
3/ BUT the world's largest company will be stronger than states. It will also be (one of?) the world's largest monopoly, that would be hard to compete with.

I LOVE ELON - BUT WHAT WILL HAPPEN AFTER HIM?

..
Read 9 tweets
7 Jan
OTA UPDATES for OEM CARS
Really?
___
OTA Updates seem like a must, but OEMs are lagging due to several reasons
A. Late to the party
B. Bad Software architecture
C. Bad electrical architecture
D. Dealers...

Cont...
wardsauto.com/dealers/upside…
2/ A is simple. They hadn't tried it until Tesla rammed it down their throats, so are now late to the party

B also simple. Car companies usually hav bad software skills, outsource lots of their SW. ID.3 was bricked due to bad OS. We know that, so let's get on to the new stuff!
3/ C. Bad electrical architecture

You know. Munro presenting the Model 3 VS Bolt, where Bolt has several separate systems for what Tesla uses a unified one? That's true for most cars, ICE included.

Systems are separate and ancient, and only now OEMs are starting to modernise
Read 7 tweets
6 Jan
2/ Regarding A. I'm long $TSLA, believe it isn't a bubble and the naysayers are shortsighted and wrong.

Only time will tell about A, but B we already know - $TSLA joined at an ATH of $695 then fell - but it's now at $763, so it ADDED value, not detracted.

BUT..
3/ But the question of whether $TSLA brings risk to the S&P is WRONG by itself. The whole idea of an INDEX FUND like S&P500 is to be passive, and it's THE ACTIVE MANAGER DECISIONS that introduce risk

Being profitable and large TSLA should have been added ON Q2 EARNINGS.
..
Read 11 tweets
3 Jan
NOT PLAID, JUST UPDATED

@klwtts spotted a Model S with MFG plate and updates. It looks very butch - but IMHO is just a small refresh, not plaid and not major. Here's why.

Cont..
2/ before everything full disclosure - I'M BIASED against this being a close-to-final plaid. Before battery day i predicted (see vid) that plaid will be part of an all-new model S.

Although POSSIBLE it's imPROBABLE that all new car will look like old.
3/ So if this is final plaid, chances are i'll be proven wrong come release time.

But seeing what I want means digging a deeper hole if debunked, so trying to be objective and commenting what I see.
My 2 cents - refreshed by chrome delete etc like Model 3, that's all for now
Read 7 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!