The Novonix Ltd (ASX: NVX) share price is in the green in afternoon trade on Wednesday, after gaining more than 4% this morning.
At the time of writing, shares in the battery technology company are 0.34% higher at $2.96 apiece, despite no market-sensitive updates.
However, the company's presentation from its annual general meeting (AGM) was released today, with the CEO's comments a key standout.
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What did Novonix release in its AGM?
In its CEO presentation to the investing public, Novonix gave an in-depth overview of the year that was.
It covered its year of operations, commercial progress, various government tailwinds, and gave perspective on its dual operating segments — battery materials and battery technology.
Novonix CEO Chris Burns outlined the company is executing its Phase 1 growth plan and that Phase 2 plans are underway.
This includes the development of a new greenfield facility, aimed at supporting an initial 30,000 tonnes of battery anode material per annum by 2025, with expansion plans to 75,000 tonnes per annum.
By the end of its Phase 2 development, Novonix says it aims to have a 1.9% global market share, based on global graphite demand.
It says the planned 150,000 tonnes per annum of anode materials would equate to powering around 2.7 million electric vehicles per year [assuming 55kg of graphite per vehicle].
New chair on Novonix share price
In his inaugural address to shareholders, new Novonix chair Admiral Robert Natter noted the company's share price had "gyrated along with the rest of the market".
As a Board and management team, we cannot control the share price. What we can control are the decisions we take to ensure we have a sound strategy and that management is executing that strategy to deliver on our long term goals.
If we continue to deliver against our key operating milestones, the share price will respond appropriately.
The Novonix share price is down 58% over the past 12 months.
