In a significant development, Ferrari SpA has partnered with SK On Co., the world’s fifth-largest manufacturer of batteries for electric vehicles, to collaborate on innovations in cell technology. This partnership will be crucial for Ferrari as they plan to launch their first all-electric vehicle next year.

Ferrari and SK On signed a memorandum of understanding to share expertise and increase cooperation in battery cell technology to drive global innovation. This collaboration is set to revolutionize the automotive industry, with Ferrari’s commitment to transitioning to electric vehicles and leveraging leading battery technology companies such as SK On.

According to media reports, Ferrari is set to unveil its first electric vehicle in the last quarter of 2025. They are also set to open a new factory in Maranello, Italy, in June to produce electric motors, batteries and power converters. SK On President and CEO Lee Seok-Hee expressed his excitement about joining Ferrari’s electrification journey, pledging to support the luxury sports car maker.

Currently, SK On supplies batteries for Ferrari’s plug-in hybrid electric vehicles (PHEV). The South Korean company provides cells for models such as the SF90 Stradale, SF90 Spider, 296 GTB and 296 GTS. The limited edition SF90 XX Stradale and SF90 XX Spider models from last year are also equipped with batteries supplied by SK On.

The collaboration between Ferrari and SK On demonstrates the importance of strong partnerships with leading battery technology companies in advancing innovation in the electric vehicle market. The exchange of expertise and technology between these two companies will undoubtedly contribute significantly towards a more sustainable future for transportation.

By Samantha Johnson

As a dedicated content writer at newspuk.com, I immerse myself in the art of storytelling through words. With a keen eye for detail and a passion for crafting engaging narratives, I strive to captivate our audience with each piece I create. Whether I'm covering breaking news, delving into feature articles, or exploring thought-provoking editorials, my goal remains constant: to inform, entertain, and inspire through the power of writing. Join me on this journalistic journey as we navigate through the ever-evolving media landscape together.

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