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Ferrari partners with SK Innovation to advance battery technology

Ferrari S.p.A. has partnered with SK On Co., the world’s fifth-largest electric vehicle battery producer, to collaborate on cell technology innovation. This partnership will help Ferrari as they plan to launch their first fully electric vehicle next year. The two companies 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. According to media reports, 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.

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

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.

The partnership between Ferrari and SK On will enable both companies to work together on developing advanced battery cell technologies that can provide high performance and safety standards while being cost-effective and environmentally friendly.

SK On’s expertise in battery production has made them an ideal partner for Ferrari as they look to enter the EV market with a range of high-performance vehicles that require cutting-edge battery technology.

In addition to its collaboration with SK On, Ferrari has also invested heavily in research and development related to EV technology. They have established a dedicated team of engineers focused on developing EV solutions that can maintain their brand’s reputation for performance while reducing emissions.

Overall, this partnership marks a significant step forward for both companies as they work together towards a more sustainable future powered by clean energy sources such as electricity.

As one of the most prestigious brands in the automotive industry, Ferrari’s decision to embrace EV technology is an exciting development that could pave the way for other luxury car makers looking

By Samantha Jones

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