The norwegian battery anode producer Vianode has finalized a long-term agreement to supply synthetic anode graphite to General Motors until 2033. This deal, worth several billion US dollars, will support GM’s electric vehicle and battery initiatives in North America. The graphite will be produced at Vianode’s planned large-scale plant, which complies with the U.S. Inflation Reduction Act (IRA) and is expected to begin operations in 2027.
The agreement strengthens GM’s battery production through its joint venture with LG Energy Solution, Ultium Cells, and other potential EV developments. Anode graphite, the heaviest component of a lithium-ion battery, is critical to EV performance and energy storage.
Vianode is positioning itself as a leader in green synthetic graphite for batteries. Its production process generates 1.9 kg of CO2 per kg of graphite, much lower than conventional methods. The company aims to halve these emissions by 2030. By 2030, Vianode aims to supply materials for 3 million EVs annually.
Vianode’s recent milestones include the launch of its first commercial plant in 2024, with an annual production capacity of 2,000 tonnes of synthetic graphite. The project received €195 million in private investment and €30 million in support from the Norwegian government. Originally co-owned by Hydro, Elkem, and private equity group Altor, Vianode has seen shifts in ownership. Elkem exited in March 2024, and Hydro recently reduced its stake from 30% to 19.9%, ceasing further funding to focus on other strategic priorities. Altor has increased its stake, purchasing 10.1% from Hydro, solidifying its position in the company.
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