GM to Acquire Synthetic Graphite from EV Battery Materials Supplier

Core Insights - General Motors (GM) has signed a multi-billion-dollar agreement with Norwegian battery materials producer Vianode to develop and supply synthetic anode graphite for GM's battery manufacturing starting in 2027 [2][3] - The synthetic anode graphite will primarily be used in GM's battery cell manufacturing joint venture with LG Energy Solution, with potential for inclusion in other future joint ventures [2][3] - Anode graphite is the largest component by weight in lithium-ion batteries, which are essential for electric vehicles [3][4] - Vianode's production process for synthetic anode graphite boasts a 90% lower carbon dioxide footprint compared to conventional methods, aligning with GM's goal to establish a sustainable battery supply chain in North America [3][4] - Following the announcement, GM's shares increased by over 2% intraday and have risen nearly 50% over the past year [3]