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 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.

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

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.

Once Norway's Vianode launches production in North America, the deal will run through 2033. The new plant could be in the U.S. or Canada.

The automaker struck a multi-billion dollar agreement to source low-carbon synthetic graphite for use by Ultium Cells in lithium-ion battery production.

The synthetic graphite will be used for EV batteries made by the Ultium Cells joint venture between GM and LG Energy Solution.