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Exxon CEO Says New Form of Graphite Boosts EV Battery Life, Extends Range

Exxon Mobil Corp. said it has invented a new form of graphite that can increase the life of electric-vehicle batteries by as much as 30%

Chairman and CEO of Exxon Mobil Darren Woods

Photographer: Andrey Rudakov/Bloomberg

Exxon Mobil Corp. said it has invented a new form of graphite that can increase the life of electric-vehicle batteries by as much as 30%.

“We’ve invented a new carbon molecule that will extend the life of the battery by 30%,” Chief Executive Officer Darren Woods said at the University of Texas at Austin’s Energy Symposium on Friday. It’s a “revolutionary step change in battery performance.”