Epsilon Advanced Materials (EAM), an Indian battery materials manufacturer, will build a $650-million graphite anode manufacturing plant in Brunswick County in North Carolina.
The company will start construction in 2024 and begin manufacturing in 2026, achieving full capacity by 2031. The plant will make high-capacity EV battery anodes using green technology. EAM is in talks with local raw material suppliers and transportation partners to support the operation. When fully operational, the EAM facility will generate 50,000 tons of graphite anode per year.
“Having an environmentally friendly facility in North Carolina resolves supply chain concerns that the automotive industry has experienced in recent years,” said EAM CEO Sunit Kapur. “With our tech capability to manufacture both natural and synthetic graphite, we will be able to provide graphite anodes to the growing EV battery industry faster, more reliably, and at a competitive cost without import challenges.”
Source: Epsilon Advanced Materials