Battery materials company Vianode has secured a deal with General Motors Company (NYSE:GM) to supply high-performance anode ...
Signs point to a Fed pause on rate cutting, TSMC profit jumps amid strong AI chip demand, and more news to start your day.
The "multibillion"-dollar deal, according to a news release, covers supply of synthetic anode graphite toward 2033.
The synthetic anode graphite will be used by Ultium Cells LLC, GM's JV with LG Energy Solution, to produce next-generation EV ...
Vianode has not revealed the location of the North American plant, but there are strong signs it will be in Ontario ...
The deal runs from 2027, when Vianode expects to begin producing synthetic graphite at a new North American plant, to 2033, ...
Shares of General Motors Co. rose more than 2% on Wednesday afternoon, on track to mark a third consecutive session of gains ...
GM is bringing more EV battery material production to America. That should help push down EV costs in the long run.