Malaysia's Graphjet Technology to set up graphite facility in Nevada

Malaysia's Graphjet Technology said on Monday it would build a commercial artificial graphite production facility in Nevada, as the U.S. looks to reduce its dependence on China for the electric-vehicle battery component.

Graphjet, which holds patents in producing graphite and graphene from agricultural waste, said the facility could produce 10,000 metric tons of battery-grade graphite - sufficient to power more than 100,000 electric vehicles per year.