India’s Epsilon Advanced Materials (EAM) plans to open a $650-million battery materials and components plant in North Carolina in 2026 that could eventually supply up to 1.1 million electric vehicles in the U.S., the company said on Thursday.
Mumbai-based EAM, a unit of Epsilon Carbon, said it will make anodes, the negative electrodes in batteries, from both natural and synthetic graphite. EAM, which also plans to make synthetic graphite at the plant, said it is in discussions with suppliers about sourcing raw materials, including natural graphite.
The manufacturing plant will be located in Brunswick County, southwest of Wilmington, and will be part of the EV battery hub developing in the state.
