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.

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.

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,

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

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

General Motors has reached an agreement with battery materials producer Vianode that will develop and supply synthetic anode graphite for the automaker’s battery manufacturing.

General Motors and Vianode just solidified a multibillion-dollar deal that will push EV battery technology to new heights.

General Motors (GM) has entered into an agreement with Vianode, an advanced battery materials company, to secure a long-term supply of high-performance anode graphite for its EV battery production.

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