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GM to Acquire Synthetic Graphite from EV Battery Materials Supplier
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Main points
- General Motors has reached an agreement with electric vehicle battery materials company Vianode to supply synthetic anode graphite to the automaker.
- Anode graphite is the heaviest material in lithium-ion batteries used in electric vehicles, Vianode noted in a press release.
- Vianode claims that its production process has a CO2 footprint that is 90% lower than traditional methods.
General Motors (General Motors) has reached an agreement with Norwegian battery materials producer Vianode to develop and supply synthetic anodes graphite Used in battery manufacturing for car manufacturers.
The multibillion-dollar deal will supply GM with synthetic anode graphite starting in 2027, Vianode said in a news release Wednesday. Specifically, the materials are expected to go to GM’s battery manufacturing joint venture with LG Energy Solution, but other joint ventures may be included in the future.
Vianode noted that anode graphite is the largest component by weight in a lithium-ion battery and is used to power it. electric car. For GM, the development of synthetic anode graphite helps the company “build a sustainable battery supply chain in North America,” Jeff Morrison, GM’s senior vice president of global purchasing and supply chain, said in a press release..
Vianode says its synthetic anode graphite production has a “90% smaller (carbon dioxide) footprint than traditional production methods.”
GM did not immediately respond to a request for comment. Its shares rose more than 2% intraday Wednesday and are up nearly 50% over the past year.
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