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Ferrari S.p.A., the renowned Italian luxury sports car maker, has announced a partnership with SK On Co., the world’s fifth-largest electric vehicle battery producer, to collaborate on cell technology innovation. This strategic alliance will support Ferrari as they prepare to launch their first fully electric vehicle next year. The two companies have signed a memorandum of understanding to share expertise and increase cooperation in battery cell technology to drive global innovation.

According to media reports, Ferrari is set to introduce its first electric vehicle in the final quarter of 2025. In addition, the company is planning to open a new plant in Maranello, Italy, in June to manufacture electric motors, battery packs, and power inverters. SK On President & CEO Lee Seok-Hee expressed excitement about joining Ferrari’s journey towards electrification and committed to supporting the luxury sports car maker.

In recent years, Ferrari has made significant strides towards transitioning towards electric vehicles. Last August, the company announced that by 2026, roughly 60% of their lineup will consist of fully electric and hybrid cars. SK On is currently the sole battery supplier for Ferrari’s plug-in hybrid electric vehicles (PHEVs). The South Korean company has been supplying cells for Ferrari models like the SF90 Stradale, SF90 Spider, 296 GTB, and 296 GTS. The limited-edition models SF90 XX Stradale and SF90 XX Spider from last year are also equipped with batteries supplied by SK On.

This collaboration between two leading companies showcases Ferrari’s commitment to advancing innovation in the electric vehicle market while highlighting the importance of strong partnerships with leading battery technology companies like SK On.

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