# NMG signs offtake agreement with GM for graphite anode material

Nouveau Monde Graphite and General Motors agreed to a multiyear supply agreement for 18,000 tonnes per annum of active anode material, covering a significant portion of NMG's Phase-2 production. GM also committed to a US$150 million equity investment in NMG.

- Type: Contract
- Announced: 2024-02-15
- Where: Bécancour, Québec, Canada
- Value: $150.0M
- Status: announced
- Capacity: 18,000 tonnes per annum of active anode material
- Products: active anode material, graphite
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [General Motors](https://endata.com/companies/4654.md) (customer)
- [Nouveau Monde Graphite](https://endata.com/companies/50383.md) (supplier)

## Sources

- [nasdaq.com](https://www.nasdaq.com/press-release/nmg-announces-offtake-agreement-with-gm-for-canadian-graphite-and-us$150-million), 2024-02-15: "NMG and GM have agreed to sign a multiyear supply agreement for 18,000 tonnes per annum of active anode material."

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