
Exxon Mobil (NYSE:XOM) announced it has developed a new synthetic graphite that could extend the life of electric-vehicle batteries by up to 30%.
CEO Darren Woods said several EV makers are already testing the material, which, when used on the anode side of batteries, enables faster charging, longer driving ranges, and extended lifespans, Bloomberg reported on Friday from the University of Texas at Austin’s Energy Symposium.