South Korean EV battery manufacturer SK On, a subsidiary of SK Innovation, has signed a memorandum of understanding with the Italian luxury sports carmaker Ferrari to reinforce their partnership and innovate cell technology.

The agreement allows the parties to share their experience in various fields to improve their technical collaboration and share insights. The new relationship should enable SK On and Ferrari to discover new cell technology solutions. SK On, currently the only battery supplier to Ferrari, has been providing battery cells for Ferrari’s SF90 Stradale and SF90 Spider models since 2019. SK On’s batteries have been also powering the 296 GTB and the 296GTS PHEVs that were launched in 2021 and in 2022, respectively.

“Combining expertise and technologies from the two companies, we expect to provide customers with new experiences and values,” said Lee Seok-hee, CEO of SK On.

Source: SK On