SK On and Nissan announce North American EV battery manufacturing provide settlement
International battery producer SK On and Nissan have introduced a brand new battery provide settlement that may help Nissan’s EV manufacturing in North America.
Underneath the settlement, SK On will provide practically 100 GWh of high-nickel batteries to Nissan from 2028 to 2033. These US-manufactured batteries will energy Nissan’s next-generation EVs to be produced at its Canton, Mississippi meeting plant.
This manufacturing is predicted to help 1,700 US jobs at SK On, and can contain a complete funding of $661 million, together with gear purchases, along with Nissan’s $500 million in investments for EV manufacturing on the Canton Meeting Plant.
The partnership marks SK On’s first provide settlement with a Japanese automaker. SK On, a subsidiary of South Korea’s SK Group, presently operates two battery crops within the US, and is constructing 4 further crops with companions. As soon as totally operational, SK On’s annual US manufacturing capability is predicted to exceed 180 GWh.
“This settlement underscores the power of our battery know-how and our rising presence within the North American market,” mentioned Seok-hee Lee, SK On President and CEO. “Leveraging our manufacturing footprint and experience, we’re dedicated to supporting Nissan’s electrification technique.”
Nissan has introduced plans to launch 16 new electrified automobile fashions over the subsequent three years, together with all-new EVs from its Canton meeting plant beginning in 2028.
“This settlement with SK On is a major milestone for Nissan’s electrification journey and helps additional funding in US manufacturing,” mentioned Christian Meunier, Chairman, Nissan Americas. “Via this sensible partnership with SK On, we are able to leverage their rising US manufacturing capability to ship progressive, high-quality electrical automobiles.”
