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GM looks to make cheaper EV batteries after signing multibillion-dollar deal – Vested Daily

GM looks to make cheaper EV batteries after signing multibillion-dollar deal

January 15, 2025

https://images.mktw.net/im-482108

Last Updated: Jan. 15, 2025 at 11:11 a.m. ET
First Published: Jan. 15, 2025 at 8:15 a.m. ET

General Motors Co. has signed a multibillion-dollar deal with Norway-based graphite manufacturer Vianode for materials for electric-vehicle batteries. The deal comes as GM looks to boost EV profitability.

The agreement “covers development of large-scale manufacturing capacity and supply of synthetic anode graphite towards 2033,” Vianode said in a

statement.