• Sat. May 25th, 2024

Ferrari and SK On Join Forces for Electric Vehicle Battery Innovation: A Step Toward a Sustainable Future in the Luxury Sports Car Market

BySamantha Nguyen

Mar 27, 2024
Ferrari partners with SK Innovation to advance battery technology

SK On, the world’s fifth-largest electric vehicle battery producer, has partnered with Ferrari S.p.A. to collaborate on cell technology innovation. The partnership is aimed at driving global innovation as Ferrari plans to launch its first fully electric vehicle next year. The two companies signed a memorandum of understanding to share expertise and increase cooperation in battery cell technology.

Media reports suggest that Ferrari will introduce its first electric vehicle in the final quarter of 2025. They are also set to open a new plant in Maranello, Italy, in June to manufacture electric motors, battery packs, and power inverters. SK On President & CEO Lee Seok-Hee expressed excitement about joining Ferrari’s journey to electrification, committing to supporting the luxury sports car maker.

SK On currently supplies cells for Ferrari’s plug-in hybrid electric vehicles (PHEVs), including 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.

Ferrari announced last August that by 2026, roughly 60% of their lineup will consist of fully electric and hybrid cars. This partnership with SK On is a crucial step towards achieving this goal as they work together to develop cutting-edge battery cell technology that will power Ferrari’s future lineup of sustainable sports cars.

The collaboration between these two companies highlights the importance of innovation in the automotive industry as they strive towards a more sustainable future powered by electricity rather than gasoline engines. It shows how even luxury sports car makers like Ferrari recognize the need for change and are willing to partner with leading technology companies like SK On to drive innovation forward.

Overall, this partnership is an exciting development for both Ferrari and SK On as they work together towards a common goal of advancing battery cell technology and promoting sustainability in the automotive industry.

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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