Exxon Unveils Breakthrough Graphite Tech for EV Batteries
Exxon Mobil Corp. has entered the electric vehicle supply chain with a synthetic graphite material promising to extend battery life by 30%. CEO Darren Woods unveiled the innovation at the University of Texas Energy Symposium, calling it a "revolutionary step change in battery performance."
The carbon-based solution addresses critical industry challenges, enabling faster charging cycles and extended driving ranges. Multiple EV manufacturers are already testing the material, though Exxon maintains it won't become a battery producer itself.
The oil giant acquired production assets from Superior Graphite this week, signaling serious intent. Commercial production is targeted for 2029, leveraging Exxon's existing refinery network and chemical expertise.
