Epsilon Advanced Materials to invest $650 million to establish EV battery facility in the US

Battery material company Epsilon Advanced Materials (EAM) plans to invest $650 million to set up a synthetic graphite anode manufacturing facility in the United States.

The unit, which is the company’s fist investment in the US, is expected to be operational by 2026, generating more than 1,500 direct and indirect jobs. It is projected to reach full capacity by 2031, generating an estimated revenue of $500 million.

This investment announcement was part of the joint statement by President Joe Biden and Prime Minister Narendra Modi during the latter’s recent state visit to the US.


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