Vianode Explores Partnership or Sale
Norwegian synthetic graphite producer Vianode is seeking a strategic partner or full takeover to fund its expansion. The GM supplier has hired JP Morgan to guide the process amid a challenging funding climate for battery makers.
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Synthetic graphite producer Vianode is exploring a partnership or full sale to fund its expansion, hiring JPMorgan Chase & Co to manage the process. The Norway-based company supplies battery materials to automakers including GENERAL MOTORS CO amid a difficult funding climate in the sector. Western firms are racing to bypass China, which controls 95% of the global supply of battery-grade graphite.
