SK On, a leading global electric vehicle battery manufacturer, signed a memorandum of understanding (MoU) with the Italian luxury sports carmaker Ferrari to reinforce their partnership and to lead innovation in cell technology.

Under the MoU, the two sides plan to share expertise in respective areas to expand their technological collaboration and exchange valuable insights. The latest partnership is expected to help SK On and Ferrari explore new possibilities and potential solutions to advance cell technology.

SK On, currently the only battery supplier to Ferrari, has been providing battery cells for Ferrari’s most powerful models since 2019, starting with the marque’s first range supercar and PHEV, the SF90 Stradale and its open-top variant, the SF90 Spider.

SK On’s batteries have been also powering the 296 GTB and the 296GTS PHEVs that were launched in 2021 and in 2022, respectively.