GM Secures Deal for Sustainable Synthetic Graphite from Vianode

GM Secures Deal for Sustainable Synthetic Graphite from Vianode

Key Takeaways:

• GM has partnered with Norwegian company Vianode to source synthetic anode graphite for EV battery production.
• Anode graphite, the heaviest component in lithium-ion batteries, plays a key role in powering electric vehicles.
• Vianode's production process reduces carbon dioxide emissions by 90% compared to traditional methods.

Report:
General Motors (GM) announced a multi-billion-dollar agreement with Vianode, a Norwegian battery materials producer, to supply synthetic anode graphite starting in 2027. The material will support GM’s battery cell manufacturing, particularly through its joint venture with LG Energy Solution, with potential use in other partnerships in the future.

Anode graphite, the primary material in lithium-ion batteries by weight, is essential for electric vehicle production. GM aims to strengthen a sustainable battery supply chain in North America, according to Jeff Morrison, GM's Senior Vice President of Global Purchasing and Supply Chain.

Vianode highlighted that its synthetic anode graphite has a significantly lower environmental impact, reducing carbon dioxide emissions by 90% compared to conventional methods.

GM shares rose over 2% intraday on Wednesday and have gained nearly 50% over the past year.