EAM

“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.”

A portion of the state incentives — about $3.4 million over 12 years — is contingent on EAM meeting job-creation and investment thresholds by the end of 2028, the document said.

“We’re proud to have North Carolina as the centerpiece of our U.S. manufacturing strategy,” EAM founder and Managing Director Vikram Handa said in a news release from Cooper’s office.

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.

The document said that EAM initially considered facility sites in six states, and the other finalist was Jackson, Tennessee.