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.

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.

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

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