BUZZ-NOVONIX up on increased production target at Tennessee facility

** Shares of Australia's NOVONIX NVX.AX up 15.3% at A$0.79, set for best day since June 13, if gains hold

** Battery materials and technology co says it demonstrated successful anode material production with co’s Generation 3 Furnaces meeting design targets

** Adds, doubled production capacity target to up to 20,000 tonnes per annum (tpa) from 10,000 tpa for Tennessee facility

** Stock down 53.4% so far this year, as of last close

(Reporting by Ayushman Ojha in Bengaluru)

((Ayushman.ojha@thomsonreuters.com;))