Ferrari S.p.A. has partnered with SK On Co., the fifth-largest electric vehicle battery producer in the world, to collaborate on cell technology. This partnership aims to enhance battery cell technology innovation as Ferrari gears up to launch its first fully electric vehicle next year. A memorandum of understanding was signed by the two companies on Tuesday to signify their commitment to sharing expertise and increasing cooperation in leading global battery cell technology innovation.
Ferrari plans to introduce its first electric vehicle in the final quarter of 2025, and a new plant in Maranello, Italy will open in June to produce electric motors, battery packs, and power inverters. The company aims to transition about 60% of its lineup to be split between fully electric and hybrid cars by 2026. This strategic partnership with SK On is a significant step towards achieving this goal.
SK On is currently the exclusive battery supplier for Ferrari’s plug-in hybrid electric vehicles (PHEVs). Since 2019, the South Korean company has been providing cells for Ferrari models such as the SF90 Stradale, SF90 Spider, 296 GTB, and 296 GTS. Even limited-edition models like the SF90 XX Stradale and SF90 XX Spider from last year are equipped with batteries supplied by SK On. This partnership solidifies SK On’s position as Ferrari’s main battery supplier for electric vehicles.
The collaboration between Ferrari and SK On will focus on developing new materials and improving existing ones for better performance and efficiency in battery cells. It is expected that this partnership will lead to breakthroughs in global battery cell technology innovation.
This partnership also marks a significant milestone for both companies as they continue their efforts towards a more sustainable future through innovative technologies that can help reduce carbon emissions from transportation systems worldwide.
Overall, this strategic alliance between Ferrari S.p.A., one of the most prestigious brands globally, and SK On Co., one of the leading manufacturers of EV batteries worldwide, promises exciting advancements in EV technology that could redefine how we think about transportation moving forward.
