Ferrari partners with SK Innovation to advance battery technology

Ferrari Partners with SK On to Advance Electric Vehicle Technology: A Step Towards a Sustainable Future

Ferrari S.p.A. has announced its partnership with SK On Co., the world’s fifth-largest electric vehicle battery producer, to collaborate on cell technology innovation. This collaboration will help Ferrari as they plan to launch their first fully electric vehicle next year. The two companies have signed a memorandum of understanding to share expertise and increase cooperation in battery cell technology to drive global innovation.

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 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.

Ferrari announced last August that by 2026, roughly 60% of their lineup will consist of fully electric and hybrid cars. 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.

Media reports suggest that Ferrari will introduce its first electric vehicle in the final quarter of 2025, and they are set to open a new plant in Maranello, Italy, in June to manufacture electric motors, battery packs, and power inverters. This move towards sustainable transportation is part of Ferrari’s efforts to reduce its carbon footprint while still maintaining its high performance standards.

The partnership between Ferrari and SK On highlights the importance of collaboration between automotive manufacturers and battery technology companies in driving innovation in the EV market. As more car manufacturers transition towards electric vehicles, it is crucial for them to work closely with leading battery technology companies like SK On to ensure they have access to cutting-edge cell technology that meets their specific needs.

Overall, this collaboration is an exciting development for both Ferrari and SK On as they work together towards a more sustainable future for transportation while still maintaining high performance standards.

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