Nissan signs U.S. battery deal with South Korea's SK On [Yahoo! Finance]
Ford Motor Company (F)
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Source: Yahoo! Finance
SK On said on March 19 that it will supply Nissan with batteries totaling nearly 100 gigawatt-hours from 2028 to 2033. That's enough volume to power up to 1.25 million EVs, according to AutoForecast Solutions. Automotive News reported in February that Nissan was in discussions for a new U.S. battery supplier. Sign up for the Automotive News Retail Roundup newsletter, delivered every Tuesday, featuring the latest auto retail news including dealership technology, best practices, and online retailing. In 2028, Nissan plans to begin production of four battery-powered models at the Canton, Miss., factory that builds the Frontier pickup and Altima sedan. SK On, a subsidiary of South Korea's SK Group, operates two U.S. battery plants and is building four additional plants with partners. Once fully operational, SK On's annual U.S. production capacity is expected to top 180 gigawatt-hours. SK On did not say which of its current or planned cell factories would supply Nissan. A person
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