Epsilon Superior Supplies (EAM), an Indian battery supplies producer, will construct a $650-million graphite anode manufacturing plant in Brunswick County in North Carolina.

The corporate will begin development in 2024 and start manufacturing in 2026, reaching full capability by 2031. The plant will make high-capacity EV battery anodes utilizing inexperienced know-how. EAM is in talks with native uncooked materials suppliers and transportation companions to help the operation. When totally operational, the EAM facility will generate 50,000 tons of graphite anode per yr.

“Having an environmentally pleasant facility in North Carolina resolves provide chain issues that the automotive trade has skilled lately,” mentioned EAM CEO Sunit Kapur. “With our tech functionality to fabricate each pure and artificial graphite, we will present graphite anodes to the rising EV battery trade sooner, extra reliably, and at a aggressive value with out import challenges.”

Supply: Epsilon Superior Supplies