Ferrari S.p.A. has signed a memorandum of understanding with SK On Co., the fifth-largest electric vehicle battery producer in the world, to collaborate on cell technology. This partnership aims to enhance battery cell technology innovation as Ferrari gears up to launch its first fully electric vehicle next year.
Recent reports indicate that Ferrari plans to introduce its first electric vehicle in the final quarter of 2025. To support this launch, a new plant in Maranello, Italy will open in June to produce electric motors, battery packs, and power inverters. Ferrari aims to transition about 60% of its lineup to be split between fully electric and hybrid cars by 2026. This strategic partnership with SK On is a significant step towards achieving this goal.
SK On is currently the exclusive battery supplier for Ferrari’s plug-in hybrid electric vehicles (PHEVs). Since 2019, the South Korean company has been providing cells for Ferrari models such as the SF90 Stradale, SF90 Spider, 296 GTB, and 296 GTS. Even limited-edition models like the SF90 XX Stradale and SF90 XX Spider from last year are equipped with batteries supplied by SK On. This partnership solidifies SK On’s position as Ferrari’s main battery supplier for electric vehicles.
Through this collaboration with SK On, Ferrari hopes to further advance its research and development efforts in battery cell technology while increasing its production capacity for EVs. The partnership will enable Ferrari to leverage SK On’s expertise and resources in developing cutting-edge batteries that meet their high standards for performance and safety.
Ferrari’s move towards electrification is a response to growing concerns about climate change and environmental sustainability. By embracing renewable energy sources like electricity, the company can reduce its carbon footprint while still maintaining its iconic performance on the track and road.
In conclusion, this strategic partnership between Ferrari and SK On marks an exciting milestone in the world of automotive technology as two leading companies come together to drive innovation forward in the realm of EV batteries.
