Epsilon Advanced Materials to build graphite anode factory in the US
By 2031, the Epsilon Advanced Materials (EAM) factory is expected to reach its full capacity of 50,000 tonnes of graphite anodes per year, enough for the batteries of 1.1 million electric cars. EAM is already in talks with local raw material suppliers and transport partners, the company said.
“Having an environmentally friendly world-class facility in North Carolina resolves supply chain concerns that the automotive industry has experienced in recent years,” said EAM CEO Sunit Kapur. “We are proud that 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.”
The facility is spread across 1.5 million square feet and is expected to create 500 jobs. According to EAM, the facility is the first and largest investment by an Indian company in the electric vehicle battery industry in the US.