General Motors has signed a multi-year, multi-billion dollar agreement for Norway's Vianode to provide the U.S. automaker with synthetic graphite anode materials for its electric vehicle batteries, the companies said on Wednesday.

GM has signed a new multi-billion dollar deal with Vianode to provide the automaker with graphite anode materials for use in General Motors' electric vehicles.

GM signs an agreement with Norwegian battery supplier, Vianode, to secure synthetic graphite anode materials starting in 2027.

Battery materials company Vianode has secured a deal with General Motors Company (NYSE:GM) to supply high-performance anode graphite solutions. The master supply agreement, which has a multi-billion value for Vianode,

Key Takeaways GM reached a deal with EV battery materials company Vianode to supply the automaker with synthetic anode graphite.Anode graphite is the largest material by weight in lithium-ion batteries,

General Motors aims to boost EV profitability with its deal with Norway-based graphite manufacturer Vianode for battery materials.

The "multibillion"-dollar deal, according to a news release, covers supply of synthetic anode graphite toward 2033.

The deal, with Norway’s Vianode, is for delivery of a material critical for electric-vehicle batteries.