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June 27,2023

EAM Aims to Power Electric Vehicles with $650 Million Investment in USA.

India's Epsilon Advanced Materials (EAM) is set to invest $650m in the USA to establish a synthetic graphite anode manufacturing facility. It aims to supply high-capacity anode materials for electric vehicles. EAM is evaluating locations, signed supply agreements, and expects $500m in revenue. This facility will be commissioned by 2026, contributing to the US goal of 50% EV sales by 2030.

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