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0 0 0 0 0.0120887096774194 0.0120887096774194 -0.00806451612903223 -0.0056451612903226
Stock impact report

Startup Offers EV Firms Greener Graphite in Alternative to China [Yahoo! Finance]

Graphjet Technology - Class A Ordinary Shares (GTI) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Apple Is in Talks to Let Google Gemini Power iPhone AI Features Putin Warns Russia Won't Stop After Predictable Election Win Musk Says His Ketamine Prescription Is in Investors' Best Interests Top Solar Firm Longi Plans Thousands of Job Cuts on Glut Saudi Wealth Fund Is in Talks to Acquire National Airline Graphjet Technology said it can turn palm kernels into graphite — an essential component in EV battery anodes — from its facility in Malaysia, one of the world's top producers of palm oil. The company, which started trading on Nasdaq Friday, expects to begin producing the ingredient in the second quarter, targeting an annual capacity of 3,000 tons, according to Chief Executive Officer Aiden Lee. Synthetic graphite, which accounts for most of global production, is typically made from petroleum coke, in an expensive and carbon-intensive process. Graphjet says its process cuts the carbon footprint by 83% while reducing costs by 80%. The company Show less Read more
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