Ferrari expands battery partnership with SK On

Ferrari wants to drive forward innovations in battery cell technology together with SK On. The two companies have signed a memorandum of understanding (MoU) for a corresponding development partnership.

Image: SK On

The MoU, signed in Seoul by SK On CEO Lee Seok-hee, Ferrari CEO Benedetto Vigna, and Ferrari’s Head of Development Ernesto Lasalandra, among others, is rather general. The Koreans write in a press release that they want to “explore new possibilities and potential solutions to advance cell technology.” The cell technologies or formats involved are not mentioned.

SK On is Ferrari’s only battery partner and has supplied battery cells for the Italians’ plug-in hybrids since 2019. The batteries were used in Ferrari’s first plug-in hybrid, the expensive SF90 Stradale supercar and the SF90 Spider convertible version. However, SK On also supplies the power storage units for the somewhat larger numbers of Ferrari PHEVs, the 296 GTB and 296 GTS.

We are excited to join Ferrari’s electrification journey,” said Lee Seok-hee, CEO of SK On. “Combining expertise and technologies from the two companies, we expect to provide customers with new experiences and values.”

Ferrari CEO Vigna adds: “When companies and suppliers come together, collaboration powers common progress. We are working together with SK On to explore new frontiers and fuel the energy of shared ideas.”

Ferrari plans to electrify 60 per cent of its models by 2026 – either as plug-in hybrids or purely electric, according to the strategic plan presented in 2022. By 2030, the figure will be 80 per cent – 40 per cent purely electric and 40 per cent partially electric. In November 2023, Vigna stated in an interview that the development of the first electric Ferrari was on schedule and that the model would hit the road in the fourth quarter of 2025. The as-yet-unnamed electric Ferrari will be manufactured EV factory in Maranello, where a dedicated production facility for hybrid and electric sports cars is currently being built.


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