GM inks multi-billion-dollar deal for EV-battery materials amid falling battery costs
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General Motors (GM) has signed a multi-billion-dollar deal to secure synthetic anode graphite for EV batteries, aiming to develop large-scale manufacturing capacity through 2033. This move comes as battery costs are declining.
January 15, 2025 | 1:30 pm
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General Motors has entered a significant multi-billion-dollar agreement to secure synthetic anode graphite for its EV batteries, aiming to enhance its manufacturing capacity through 2033. This strategic move aligns with the trend of decreasing battery costs.
The deal is crucial for GM as it secures essential materials for EV battery production, which is a key growth area for the company. The timing aligns with decreasing battery costs, potentially improving GM's competitive position in the EV market.
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