The U.S.-manufactured batteries will power Nissan’s next-generation EVs to be produced at its Canton, Mississippi assembly plant. This production will support 1700 U.S. jobs at SK On, with claimed total investment of $661 million, including equipment purchases. Once fully operational, SK On’s annual U.S. production capacity is expected to exceed 180GWh.This is in addition to Nissan’s $500 million in investments for EV production at the Canton Assembly Plant.

Nissan is accelerating its EV strategy as part of its global long-term vision. Last year, the Nissan announced plans to launch 30 new models over the next three years, including 16 electrified vehicles. Among those models are all-new EVs from its Canton assembly plant starting in 2028, further reinforcing its commitment to localized EV production and a sustainable future.

“This agreement underscores the strength of our battery technology and our growing presence in the North American market,” said Seok-hee Lee, SK On president and CEO. “Leveraging our production footprint and expertise, we are committed to supporting Nissan’s electrification strategy and the broader transition to sustainable mobility.”