Nissan and SK On Reveal EV Battery Deal

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Nissan (7201T and NSANY ADR)* and SK On said today that SK On will supply ~100GWh of U.S.-made batteries from 2028 to 2033.  This is Korean SK On first partnership with a Japanese automaker.

“This agreement with SK On is a significant milestone for Nissan’s electrification journey and supports further investment in U.S. manufacturing,” said Christian Meunier, chairman, Nissan Americas. “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.”

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.”

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