An Indian company that produces a key ingredient for long-range batteries in electric vehicles said Thursday it would build its first U.S. plant in southeastern North Carolina, creating hundreds of jobs.
“We’re proud to have North Carolina as the centrepiece of our U.S. manufacturing strategy,” EAM founder and Managing Director Vikram Handa said in a news release from Cooper’s office. “Having an environmentally friendly world-class facility in North Carolina will allow EAM to provide synthetic and natural graphite anodes to the growing EV battery industry faster, more reliably and at a competitive cost.
State and local governments have offered more than $33 million in economic incentives for EAM to build in forms such as land, infrastructure improvements, training and cash payments, according to a document presented to a state panel that signed off on some incentives.