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.
Media reports suggest that Ferrari will introduce its first electric vehicle in the final quarter of 2025. They are also set to open a new plant in Maranello, Italy, in June to manufacture electric motors, battery packs, and power inverters. SK On President & CEO Lee Seok-Hee expressed excitement about joining Ferrari’s journey to electrification, committing to supporting the luxury sports car maker.
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.