Epsilon gets certified as Anode precursor supplier for EV sector

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Epsilon Advanced Material has received an initial order for its Anode precursor material from top leading anode makers in China and Japan.

The company, a leading manufacturer in India of advanced cell chemistry materials and a subsidiary of Epsilon Carbon, is targeting sales volumes 10,000 metric tonnes of anode precursor material in FY22 with exports being a significant contributor of the sales.

The firm is also in advanced stages of getting its material qualified with upcoming cell manufacturing facilities in Europe and the United States.

Vikram Handa, Managing Director of Epsilon Carbon, said, “Technical performance anode makers has shown that Epsilon material is highly suited to support cell-makers in developing longer range and quick charging batteries.”

He added: “This has been also been appreciated by the Battery Electronic Vehicle (BEV) segment. Anode manufacturing is an essential part of battery supply chain. Epsilon Carbon with our sustained backward integration of raw material is best placed to support increase this value addition for Indian based Battery/Cell manufacturers while continuing to service our Global clients’ demand.”

Internationally synthetic graphite has 60 per cent market share in the anode material space. With this positive results Epsilon is successfully qualified as supplier in global Lithium-ion battery supply chain.

This is in tune with Epsilon Carbon’s broader strategy to become world’s first vertically integrated and sustainable anode material producer in Lithium-ion battery supply chain with a plan to expand synthetic graphite capacity to 35,000 MT by 2025.

Li-ion battery

Thanks to the growing acceptance of electric vehicle, the Li-ion battery is likely to dominate over the next decade. Worldwide many countries have announced plans to set-up Battery making Giga factories to support their Mobility & Energy storage needs of 2600 GWh by 2030.

The government, under Aatmanirbhar Bharat initiatives, has come-up with PLI scheme for 10 sectors including Advanced Cell Chemistry battery to facilitate and promote Indigenous supply chain manufacturing capabilities.

Through this scheme at-least 5 Giga factories (10 GWh each) are expected to come-up immediately with each factory attracting investment of $ 1.0 billion. Under this scheme there is a total cash subsidy of Rs 34000 crore over next 10 years.

(With inputs from Automotive Lead Research Team)

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Also read: Electric Vehicle Battery Market projected at $ 133.46 bn by 2027