Novonix (NASDAQ:NVX) (OTCPK:NVNXF) +6.8% in early trading Tuesday after unveiling plans to build its proposed $1B synthetic graphite manufacturing plant in Chattanooga, Tennessee, with a potential second phase that could push investment to $2.

Australian-listed battery materials and technology company, Novonix, has bought land in Tennessee, USA, to expand existing operations there with a second mass production plant, funded in part with a $1.

NOVONIX Limited (NASDAQ: NVX, ASX: NVX) (“NOVONIX” or “the Company”), a leading battery materials and technology company, announced today the intention to enter a purchase and sale agreement with the City of Chattanooga,