EV Engineering News

Indian firm EAM to invest $650 million in North Carolina EV battery manufacturing facility

Epsilon Advanced Materials (EAM), an Indian battery materials company and a subsidiary of Epsilon Carbon, plans to build a $650-million graphite anode manufacturing facility in Brunswick County, North Carolina.

The company plans to break ground in 2024 and begin manufacturing in 2026, reaching full capacity by 2031. EAM is already in discussions with local raw material suppliers and transportation partners. When fully operational, the EAM facility will produce 50,000 tons per annum of graphite anodes.

Brunswick County is located near the port of Wilmington, automotive suppliers, EV manufacturing facilities and a local community college. Localizing the battery manufacturing ecosystem aligns with the broader goal of helping automakers leverage EV subsidies under the Inflation Reduction Act (IRA).

“With its favorable geographical location, business-supportive policies and availability of a skilled talent pool, we are confident that the investment in [North Carolina] is a major step towards creating sustainable transportation alternatives,” said EAM Managing Director Vikram Handa.

“North Carolina continues to lead the way in the transition to a clean energy economy by attracting good-paying jobs from great companies like Epsilon,” said Governor Roy Cooper. “This historic investment will bring 500 clean energy jobs to Brunswick County, helping both our economy and our environment.”

Source: Epsilon Advanced Materials

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