India’s Epsilon Advanced Materials expects US plant to start by 2026

Epsilon Advanced Materials, an Indian battery materials company, expects to start commercial production at its first U.S. facility by 2026, a top company official said.

Days after India’s Prime Minister Narendra Modi and U.S. President Joe Biden met in Washington to deepen ties, Epsilon unveiled its plans to invest $650 million in a new American facility to produce synthetic graphite anodes, a key component in electric vehicle batteries.

Epsilon, the first Indian battery component maker to invest in the United States, would finalise a location for its plant in the next three months, Vikram Handa, managing director of Epsilon, told Reuters in an interview on Monday.