SK On and Nissan announced a battery supply agreement that will support Nissan’s electric vehicle (EV) production in North America. Under the agreement, SK On will supply nearly 100GWh of high-performance, high-nickel batteries to Nissan from 2028 to 2033.

These US-manufactured batteries will power Nissan’s next-generation EVs to be produced at its Canton, Mississippi assembly plant. This agreement reinforces both companies’ commitment to electrification and sustainable mobility.

This production will support 1,700 US jobs at SK On, and will involve a total investment of $661 million, including equipment purchases. This is in addition to Nissan’s $500 million in investments for EV production at the Canton Assembly Plant.

The partnership marks SK On’s first supply agreement with a Japanese automaker, further expanding its global customer base. SK On, a subsidiary of South Korea’s SK Group, currently operates two battery plants in the US and is building four additional plants with partners. Once fully operational, SK On’s annual US production capacity is expected to exceed 180GWh.

Nissan is accelerating its EV strategy as part of its global long-term vision. Last year, the company announced plans to launch 30 new models over the next three years, including 16 electrified vehicles. Among those models are all-new EVs from its Canton assembly plant starting in 2028, further reinforcing its commitment to localized EV production.