Experienced players look to tap into EV market in US, Middle East

Experienced players look to tap into EV market in US, Middle East

An increase in demand for electric vehicles has been supported by governments looking for clean energy solutions as they fight climate change, but there is one major issue being faced: the production of batteries for EVs.

The main ingredient used in the anodes of EV batteries is graphite – usually a combination of natural and synthetic. Currently, China has one of the world’s largest deposits of natural graphite and is a volume producer of synthetic graphite as well.

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China’s EV industry is also much more advanced than other countries, including Europe and the United States.

But Middle Eastern countries are also investing heavily in the industry.

China has more than a dozen EV automakers actively mass-producing vehicles.

To date, Tesla is the most active among American EV manufacturers.

“So, the rest of the world is kind of playing catch up,” said John DeMaio, the CEO of Graphex Technologies.

Earlier this year, Lucid announced that it would set up a manufacturing facility in Saudi Arabia to be able to churn out over 150,000 vehicles a year.

DeMaio, responsible for expanding the graphite business into the US and Europe, said his company has consistently produced spherical