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EAM Invests $650M in NC Facility to Boost U.S. EV Battery Industry

Hillary Cargo
By Hillary Cargo Senior Editor, SME Media

Epsilon Advanced Materials (EAM), a prominent battery materials company based in India, has unveiled its plan to establish a graphite anode manufacturing facility in Brunswick County, North Carolina, marking a significant investment of $650 million in the United States. This development represents a landmark move as it is the first and largest investment by an Indian company in the U.S. electric vehicle (EV) battery industry.

North Carolina Governor Roy Cooper welcomed EAM and the prospect of a new 1.5 million-square-foot facility, set to generate approximately 500 employment opportunities in the Greater Wilmington area. Governor Cooper emphasized the state's commitment to leading the transition to a cleaner energy economy and the significance of this historic investment in boosting both the economy and the environment.

EAM's CEO, Sunit Kapur, highlighted the strategic importance of having a world-class facility in North Carolina. The move aims to address supply chain challenges that have affected the automotive industry in recent years. EAM's expertise in manufacturing both natural and synthetic graphite positions them to provide graphite anodes for the rapidly growing EV battery sector more efficiently and cost-effectively, with reduced import-related obstacles.

The company is scheduled to commence construction in 2024, with full-scale manufacturing operations expected to begin in 2026 and reach full capacity by 2031. The facility will employ green technologies to produce high-capacity anode materials for EV batteries. North Carolina's strategic location, proximity to the Wilmington port, and access to local automotive suppliers and vehicle manufacturing facilities were cited as key advantages. The skilled local workforce, coupled with potential economic incentives, creates a favorable business environment, while geographic features offer resilience and sustainability.

The establishment of a manufacturing plant in North Carolina aligns with broader objectives, such as aiding automakers in leveraging EV subsidies under the U.S. Inflation Reduction Act (IRA). This move is poised to bolster domestic manufacturing, foster economic growth, and strengthen the supply chains vital for the sustainability and competitiveness of the U.S. EV industry.

EAM is a wholly owned subsidiary of Epsilon Carbon Pvt Ltd. As the company gears up for its North Carolina operations, it is actively engaging with local raw material suppliers and transportation partners. Once fully operational, the EAM facility will have the capacity to produce 50,000 tons per annum (TPA) of graphite anode materials.

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