Epsilon Advanced Materials (EAM), a prominent battery materials company in India, intends to invest $650 million in establishing a synthetic graphite anode manufacturing facility in the United States.
With a production capacity of 50,000 tonnes per annum, this facility aims to supply crucial battery materials to power over one million electric vehicles.
The proposed synthetic graphite anode processing facility represents the largest Indian investment in the U.S. electric vehicle battery industry.
EAM is currently assessing various locations in the U.S., pending regulatory approvals, environmental permits, and state and local incentive agreements.
Strategic supply agreements have already been signed with local raw material suppliers and transport partners to ensure a well-connected supply chain network.
The facility will produce high-capacity synthetic anode materials tailored to specific cell chemistries, and it is projected to generate revenue exceeding $500 million by 2031 when operating at full capacity.
The commissioning of the facility is expected to take place by 2026. This investment aligns with the U.S. government’s goal of converting 50% of vehicle sales to electric by 2030 and achieving a battery capacity of 1000 GWh.
EAM’s facility will contribute to the local supply chain for EV batteries and support the U.S. government’s critical mineral security mandate.
