# GM secures five-year EV supply contract for cathode materials and magnetics

General Motors has secured a new supply contract for electric vehicle components, including cathode materials and magnetic components, with a five-year term and fixed price corridor. The deal includes a Michigan facility expansion adding 150,000 units of annual capacity.

- Type: Contract
- Announced: 2024-11-12
- Where: Michigan, United States
- Status: announced
- Capacity: 150,000 units per year
- Products: cathode materials, magnetic components, EV batteries
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [General Motors](https://endata.com/companies/4654.md) (customer)

## Sources

- [blog.gettransport.com](https://blog.gettransport.com/general-motors-secures-new-supply-contract-to-accelerate-electric-vehicle-growth/), 2025-12-04: "The deal spans key components across the plant network, including fresh cathode materials and magnetic components, with shared capabilities that support multiple operations."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.