Key Points
Indian battery material firm Epsilon Advanced Materials is investing $650m to build its first EV battery manufacturing plant in the US..
The facility will have an annual capacity of 50,000 tonnes and use sustainable technologies to produce high-capacity anode materials for over one million EVs..
The plant will be partly funded by internal accruals and supply agreement receivables, while EAM is considering multiple US locations, subject to regulatory approvals.. ..
Mumbai: Mumbai-based battery material firm, Epsilon Advanced Materials (EAM), said it will invest $650 million to set up its first electric vehicle (EV) battery manufacturing plant in the US...
Ee are bringing the India patented anode manufacturing technology to the US and leveraging it to contribute to the vision for US EV battery ecosystem," Vikram Handa, the managing director of EAM, said in a company statement..
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