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- 3 May 2019
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I guess everyone is on holidays then...?
From $12 a year ago, to $1.40, and now $1.78, it's got a long way to go, and all those stale holders, let alone getting down and doing things. Like spending money and accounting for it.Looking at the chart makes me think a bottom is in. Any thoughts?
Yup.Shame I didn't think of it for the yearly comp
And up 20% today, though you wouldn't guess it from a 3 year chart;I guess everyone is on holidays then...?
Not a bad up day, but is the bottom in? ?
Somebody at the Australian Newspaper must have a heap of shares in Novonix.
Good luck to those who hold it.Australian-Canadian battery play Novonix has a controversial view when it comes to developing electric vehicles that can seemingly drive forever.
Chris Burns, the chief executive and former top technical lead with EV carmaker Tesla says we need to stop thinking about the long-promised “million-mile” battery.
Car makers and battery makers have created a hype that newer EV batteries can last longer and longer without needing a costly replacement. Most manufacturers guarantee EV batteries for eight years.
Speaking to The Australian from Novonix’s operations near Halifax, Canada, Burns says while today’s battery chemistries are impressive – the underlying technology hasn’t changed.
He points out that many original Panasonic battery cells from a Tesla Model S built 10 years ago are still on the road today performing just fine with as much as 90 per cent of their capacity left.
“That’s pretty impressive for 10 year-old technology. But if you take that battery and put it on a tester, and you run it from 0 per cent to 100 per cent, back and forth, back and forth, it only lasts several hundred cycles – nobody drives their car to zero to 100, zero to 100.”
Burns says battery and EV producers need to get more out of their batteries for the right application.
“The more we can drive longevity in our batteries, the more we can diversify what they do.”
ASX-listed Novonix is working on that. Burns’ anode battery technology outlasts Tesla batteries on a charging cycle, which means less range loss over time for an electric vehicle. The batteries are rated for a higher stability.
Novonix is backed by Queensland energy rich-lister Trevor St Baker and counts former Dow Chemicals boss Andrew Liveris as a director and shareholder. US oil refining and energy major Phillips 66 is also on board as a major backer. Novonix specialises in the development of synthetic graphite. This is a key ingredient needed in building long life anodes, which sits at the heart of the battery. Currently China dominates the market for anode production.
Burns says EV batteries will increasingly be used as an energy source for households to manage renewables demand through peak periods. And this is the shift in the way EV makers are starting to think about their batteries.
“All of a sudden you have to decouple the idea of ‘I’m going to sit behind my steering wheel and drive a million miles’ to how many megawatt hours of energy can I run through this single battery?
“That becomes the question. And the more we can put through the batteries the way we’d like to think about it changes as you’re decreasing the total cost of ownership of that energy storage asset.
“We have to make the batteries affordable. And if they can last longer then that has incredible value.”
In the midst of the Covid share boom, Novonix surged in 2021, peaking at $10.68, giving the company a valuation of more than $5.2bn based purely around its intellectual property. But the shares quickly deflated as interest rates rose around the world. Since April shares have fallen below $1 each, giving Novonix a value of more than $460m.
Burns, who has a doctorate in physics, says Novonix was caught up in a “hype cycle” sweeping the entire EV sector, which at the time also looked like a land grab as big car makers were pivoting.
“Now unfortunately, we’ve been caught up in the bigger macro economic climate, we have high interest rates – that story is not just unique to Novonix.”
However, he says it is a matter of controlling what they can do. Burns says Novonix has a strong balance sheet and supportive investors and now it was a matter of delivering on production.
and probably sold shares to pay off the trip...I guess everyone is on holidays then...?
up 20 per cent today , though you wouldn't guess it from a 3 year chartAnd up 20% today, though you wouldn't guess it from a 3 year chart;.
I have fallen out of of Love with herI have entered the NVX in the 2024 year long regatta
She seems to be finding Wind atm
Sailing the NVX ----------------One WEEK at a Time-------------------------------&-----------------One Day at a Time
View attachment 168140
Salute and Gods' Speed
View attachment 168141
Not a bad up day, but is the bottom in? ?
Maybe, just maybe...
Puts it in its place. Still a lot of work to do?
Be still my beating heartI have fallen out of of Love with her
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