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Ferrari NV, an Italian luxury sports car maker, has teamed up with SK On, a South Korean electric vehicle battery manufacturer, to produce next-generation batteries. The partners will work on producing eco-friendly supercar batteries.
MD Today reported that Ferrari and SK On signed a memorandum of understanding (MOU) for “Battery Cell Technology Innovation,” they announced this agreement on Wednesday, March 27. It was mentioned that South Korea’s leading EV battery maker is the only company that delivers batteries for the Ferrari auto brand.
Long-Time Partners
Ferrari and SK On will work together to design and produce batteries that will be installed in future electric supercar models. As per Bloomberg, the partners will share their respective expertise to make headway in battery cell technology and expand their technological collaboration as they exchange valuable information.
At any rate, although this is a new agreement, the companies have been working together for several years already. Their first deal was to supply batteries for Ferrari’s SF90 Stradale plug-in hybrid model, which was introduced in 2019.
Ferrari’s First Electric Car
The latest contract with SK On is in preparation for the release of Ferrari’s first fully electric supercar. The Italian automaker aims to release this EV within the fourth quarter of 2025.
The company is building its new production plant in northern Italy to produce EVs solely. The facility is set to open in June this year.
“We are excited to join Ferrari’s electrification journey,” SK On’s chief executive officer, Lee Seok Hee, said in a press release. “Combining expertise and technologies from the two companies, we expect to provide customers with new experiences and values.”
Ferrari’s CEO, Benedetto Vigna, also stated, “When companies and suppliers come together, collaboration powers common progress. We are working together with SK On to explore new frontiers and fuel the energy of shared ideas.”
Photo by: Jannis Lucas/Unsplash
