Ferrari S.p.A. joined fingers with SK On Co., the world’s fifth-largest electrical automobile battery producer, to innovate cell know-how because the Italian luxurious sports activities automobile maker plans to launch its first absolutely electrical automobile subsequent 12 months.

The two firms on Tuesday signed a memorandum of understanding to share their experience and enhance cooperation to steer the worldwide innovation of battery cell know-how, SK On mentioned.

The settlement got here as media reported that Ferrari is introducing its first EV within the ultimate quarter of 2025 and can open a brand new plant in Maranello, Italy, in June to fabricate electrical motors, battery packs and energy inverters.

“We are happy to be with the global supercar leader Ferrari’s journey of electrification,” mentioned SK On President & CEO Lee Seok-Hee in an announcement.

Ferrari mentioned final August that about 60% of its lineup will probably be cut up between absolutely electrical and hybrid automobiles by 2026.

FERRARI’S SOLE BATTERY SUPPLIER

SK On is the one battery provider for the carmaker’s plug-in hybrid electrical autos (PHEVs).

The South Korean firm has been offering cells for the SF90 Stradale, Ferrari’s first PHEV, and the SF90 Spider since 2019.

It provided batteries for the 296 GTB launched in 2021 and the 296 GTS launched in 2022.

The SF90 XX Stradale and the SF90 XX Spider, Ferrari’s limited-edition fashions unveiled final 12 months, are additionally outfitted with SK On’s batteries.

Write to Nan-Sae Bin at binthere@hankyung.com
 
Jongwoo Cheon edited this text.