SK On To Supply Batteries For Nissan’s Future EV Production In North America

The agreement involves an investment of $661 million by SK On, including equipment procurement. Nissan has separately invested $500 million in EV production at the Canton plant. SK On estimates that the production will support 1,700 jobs in the United States.

This deal marks SK On’s first battery supply partnership with a Japanese automaker. SK On, a subsidiary of SK Group, currently operates two battery plants in the U.S. and is constructing four additional facilities in partnership with other companies. Once fully operational, SK On's annual battery production capacity in the U.S. is expected to exceed 180GWh.

In a recent announcement, Nissan confirmed that they are planning to launch 30 new models over the next three years, including 16 electrified vehicles.

Christian Meunier, chairman, Nissan Americas, said, "This agreement with SK On is a significant milestone for Nissan's electrification journey and supports further investment in U.S. manufacturing. Through this smart partnership with SK On, we can leverage their growing U.S. production capacity to deliver innovative, high-quality electric vehicles that meet the needs of our customers."