March 27, 2025: SK ON said on March 19 it had signed a battery supply deal with Nissan Motor for vehicles to be produced in North America.

Supplies of almost 100GWh of US-made batteries are set to start in 2028 through to 2033.

SK ON, a subsidiary of South Korea-based SK Group, said its high-performance, high-nickel pouch cells will power Nissan’s next-generation EVs to be produced at its Mississippi assembly plant.  

The agreement marks SK On’s first partnership with a Japanese automaker. The battery maker said its annual production capacity in the US is projected to be more than 180GWh once fully operational.

The deal is welcome news for SK ON, which said last October it planned to cut its workforce with the company’s first voluntary retirement scheme since its launch as it continued to struggle in a challenging EV market.