Nissan turned the primary Japanese automaker to signal a provide cope with South Korea’s SK On. Below the brand new settlement, SK On will provide Nissan with almost 100 GWh of US-made EV batteries, or sufficient for round 1 million midsize fashions.
Nissan scores EV batteries from SK On within the US
The brand new battery provide deal, introduced on Wednesday, comes as Nissan prepares to ramp up EV output in North America over the following few years.
SK On will provide 99.4 GWh of batteries from 2028 to 2033, which it estimates is sufficient to produce round 1 million midsize EVs. The batteries will likely be utilized in Nissan’s upcoming electrical fashions constructed at its Canton, Mississippi plant.
Nissan already invested $500 million in its Canton facility to improve it for EV manufacturing. The brand new deal, which features a $661 million funding, will help round 1,700 jobs at SK On.
The settlement is SK On’s first with a Japanese automaker. The Korean battery big already has two battery crops within the US, one with Ford and one other with Hyundai, with 4 extra on the way in which. Mixed, the corporate expects to have over 180 GWh annual US manufacturing capability.
The “high-performance, excessive Nickel batteries” will likely be utilized in Nissan’s next-gen EV fashions. Though Nissan initially deliberate to start EV manufacturing in Canton this yr, it was pushed again till 2028 earlier this yr.
Nissan’s preliminary plans included 5 new electrical fashions, together with a pair of Nissan and Infiniti sedans. The opposite three have been anticipated to be crossovers and SUVs, together with a smaller Rogue-like EV to sit down between the LEAF and gas-powered SUV.
Sources advised Automotive Information report earlier this yr that may now not occur. In keeping with the report, the electrical SUV will solely be constructed at its Sunderland, UK plant.
Nissan will launch 30 new autos over the following three years, together with 16 electrified (EV and hybrid) fashions. To date, we all know one would be the next-gen LEAF, which will likely be constructed alongside the electrical Juke and Qashqai in Sunderland.
Supply: The Korea Instances, Nissan
