Indian battery materials provider Epsilon Advanced Materials (EAM) will build a $650m graphite anode manufacturing facility in the US state of North Carolina.
Located in Brunswick County, the new investment will create around 500 jobs for the Greater Wilmington area, according to North Carolina Governor Roy Cooper. Cooper further noted that the plant will attract “good-paying jobs” and help “make our state stronger and healthier”.
News about the factory in North Carolina came after EAM said in July that it planned to build an electric vehicle (EV) battery factory in the US without mentioning the location. The company chose Brunswick County due to its proximity to the Wilmington port, automotive suppliers, other vehicle manufacturing facilities and the local community college.
“We’re proud to have North Carolina at the focal point of our US manufacturing strategy,” said Vikram Handa, EAM managing director. “With its favourable geographical location, business supportive policies and availability of a skilled talent pool, we are confident that the investment in the state is a major step towards creating sustainable energy transportation alternatives.”
Headquartered in Mumbai, India, EAM produces lithium-ion battery (LiB) materials and its presence spans across Europe, America and Southeast Asia.
The company, which is a wholly owned subsidiary of Epsilon Carbon, is currently in talks with local raw material suppliers and transportation partners for its North Carolina operations. When fully operational, the facility will produce 50,000 tonnes of graphite anode each year.
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The new plant will be India’s first and largest investment in the US EV battery industry. Operations at the factory are set to begin in 2026.