10 Stocks Gaining Momentum From Key Collaborations

5. General Motors Company (NYSE:GM)

General Motors Company engages in cars, trucks, automobile parts, software-enabled services, and subscriptions among other segments. Vianode, a supplier of sustainable battery materials, is a subsidiary of Elkem ASA. GM declared that it signed a deal with Vianode that will be operational from 2027 to 2033.

According to the agreement, GM will receive synthetic graphite anode materials from Vianode to produce batteries for electric vehicles. The company will produce these batteries through its collaboration with LG Energy Solutions.

Vianode is reportedly planning to establish a plant near LG’s and GM’s battery production. The main objective of the plant is to produce around 80,000 tons of synthetic graphite per year, which can be used to provide electric vehicles to around 1.5 million people. Share prices of GM were down recently but in the last 2 days, stock prices have improved. This deal is likely to affect GM stock prices positively making it attractive to investors.