Epsilon Banks On EV Batteries 1 Million Made-In-The-US EV b

The article discusses Epsilon Advanced Materials (EAM), an Indian energy storage company, which is advancing plans to build a graphite anode factory in North Carolina aimed at supplying enough material for about 1 million U.S.-made electric vehicles (EVs) annually by 2030. Despite a recent downturn in U.S. EV sales following the expiration of the $7,500 federal EV tax credit, EAM is moving forward with its facility, targeting initial operations in 2027 with a 50% capacity to support 500,000 EVs. This timeline aligns with industry expectations that EV demand will stabilize and grow over the longer term, supported by expanding charging infrastructure and potential future federal policies. EAM has secured a supply agreement with Phillips 66 for green and calcined needle coke, a key precursor derived from oil refining byproducts, essential for current graphite anode production. While not entirely green, this supply chain component is critical for today’s EV batteries. Looking ahead, the article