General Motors Company (NYSE:GM) announced on Wednesday that it inked a multi-year agreement with Norwegian company Vianode that will run from 2027 until 2033. The multi-billion dollar deal will see Vianode provide GM (NYSE:GM) with synthetic graphite anode materials for its electric vehicle batteries.

General Motors (GM) stock is higher today after inking an electric vehicle (EV) battery supply deal with Vianode

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 criminal case is the latest scandal plaguing the automotive industry in recent years involving vehicle emissions and safety.

Toyota Motor unit Hino Motors on Wednesday was charged with fraud in U.S. District Court in Detroit for unlawfully selling 105,000 heavy-duty diesel engines in the United States that did not meet emissions standards.

A report by Nikkei Asia said that Hino was expected to settle the allegations pay a fine of $1.2 billion. A company-commissioned panel said in a report in 2022 Hino had falsified