Ferrari, a luxury sports car manufacturer, has announced that it will partner with SK On Co., the world’s fifth-largest electric vehicle battery producer, to collaborate on cell technology innovation. This partnership comes as Ferrari plans to launch its first fully electric vehicle next year.
SK On President & CEO Lee Seok-Hee expressed his excitement about joining Ferrari’s journey to electrification and committed to supporting the company. The two companies signed a memorandum of understanding to share expertise and increase cooperation in battery cell technology to drive global innovation.
Ferrari announced last August that by 2026, roughly 60% of their lineup will consist of fully electric and hybrid cars. SK On is currently the sole battery supplier for Ferrari’s plug-in hybrid electric vehicles (PHEVs). The South Korean company has been supplying cells for Ferrari models like the SF90 Stradale, SF90 Spider, 296 GTB, and 296 GTS. The limited-edition models SF90 XX Stradale and SF90 XX Spider from last year are also equipped with batteries supplied by SK On.
This collaboration showcases Ferrari’s commitment to transitioning towards electric vehicles and the importance of strong partnerships with leading battery technology companies like SK On. The expertise and technology sharing between the two companies will contribute to advancing innovation in the electric vehicle market.
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