Ferrari to Source their EV Batteries from South Korea's SK On

Luxury sports car manufacturer Ferrari has initiated a preliminary agreement with its electric vehicle (EV) battery supplier SK On to expand their collaboration further. SK On, based in South Korea, has been supplying battery cells for Ferrari models since 2019, including for prestigious vehicles such as the SF90 Stradale, Ferrari's first hybrid vehicle, as well as the more recent 296 GTB and 296 GTS, along with special series cars.

Ferrari's Chief Executive Benedetto Vigna expressed enthusiasm about the partnership, stating, "We are working together with SK On to explore new frontiers."

Recognized globally for its high-performance luxury sports cars, Ferrari has committed to unveiling its first fully electric model by late next year. This memorandum of understanding signifies a deepening of the collaboration between Ferrari and SK On, with plans to leverage each other's expertise and insights to expand their technological cooperation.

According to a statement by SK On, the partnership aims to facilitate the exchange of valuable insights and expertise, fostering advancements in cell technology. However, specific details of the agreement were not disclosed. Overall, this collaboration underscores Ferrari's commitment to embracing electric vehicle technology while leveraging SK On's expertise to drive innovation in the field of EV batteries.