Epsilon Advanced Materials plans $650 million EV battery anode facility in USA

Epsilon Advanced Materials (EAM), India’s leading battery materials company, is planning to invest $650 million to establish a synthetic graphite anode manufacturing facility with a capacity of 50,000 tonnes per annum (tpa) in the USA. The proposed facility in the USA will provide critical battery materials to power more than one million electric vehicles. 

This synthetic graphite anode processing facility is purportedly the largest Indian investment in the US electric vehicle battery industry. 

EAM is currently evaluating multiple locations across the US for the proposed facility subject to regulatory approvals, environmental permits, and state and local incentive agreements. It has already signed strategic supply agreements with local raw material suppliers and transport partners to create a seamless supply chain network. 

Through this facility, EAM will produce high-capacity synthetic anode materials customized for specific cell chemistries. The facility is expected to generate revenue of more than $ 500 million at full capacity by 2031.

The facility is expected to be commissioned by 2026.

TheUS government aims to convert 50% of vehicle sales in the nation to electric by 2030 and generate 1000 GWh of battery capacity. “With this facility, EAM will contribute to the US EV roadmap by ensuring a local supply chain for EV batteries. The facility will contribute to the U.S. Government’s mandate of critical mineral security,” stated EAM.