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SK On Secures Battery Supply Deal with Nissan in the US
Partnership for Next-Generation EVs
South Korean battery manufacturer SK On has announced a new agreement to supply batteries for Nissan Motor’s upcoming electric vehicles. These EVs will be produced at Nissan’s factory in Mississippi, United States.
Strengthening Nissan’s EV Expansion
This deal marks a significant step for Nissan as it expands its electric vehicle lineup beyond existing models. By securing a battery supply from SK On, Nissan aims to accelerate its transition to a more competitive EV market.
Boosting SK On’s Presence in North America
For SK On, this partnership further solidifies its position in the North American EV battery market. The company already supplies batteries to major automakers, including Ford, Hyundai, and Volkswagen.
Strategic Move Amid U.S. Policy Changes
The agreement aligns with the U.S. Inflation Reduction Act, which encourages domestic EV production and supply chain localization. By sourcing batteries within the U.S., Nissan may benefit from government incentives and tax credits.
Potential Battery Technology in Use
While specific battery details have not been disclosed, SK On is known for its advanced nickel-cobalt-manganese (NCM) and lithium iron phosphate (LFP) battery technologies. The choice of chemistry could impact Nissan’s EV performance, range, and affordability.
Future Implications for the EV Industry
This partnership signals Nissan’s commitment to scaling its EV production and competing with other automakers investing heavily in electric mobility. As demand for EVs grows, battery supply agreements like this will play a crucial role in shaping the industry’s future.
“SK On Secures Battery Supply Deal with Nissan in the US” “SK On Secures Battery Supply Deal with Nissan in the US”