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New EV battery supply agreement to support American production

By Michelle Froese | March 19, 2025

SK On and Nissan have announced a battery supply agreement that will support Nissan’s electric vehicle (EV) production in North America.

Under the agreement, SK On, a global battery manufacturer, will supply Nissan with nearly 100 GWh of high-performance, high-nickel batteries from 2028 to 2033.

These US-manufactured batteries will power Nissan’s next-generation EVs to be produced at its Canton, Mississippi assembly plant. This agreement reinforces both companies’ commitment to electrification and sustainable mobility.

This production will support 1,700 American jobs at SK On and involve a total investment of $661 million, including equipment purchases. This is in addition to Nissan’s $500 million investments in EV production at the Canton Assembly Plant.

The partnership marks SK On’s first supply agreement with a Japanese automaker, further expanding its global customer base. SK On, a subsidiary of South Korea’s SK Group, currently operates two battery plants in the US and is building four additional plants with partners. Once fully operational, SK On’s annual American production capacity is expected to exceed 180 GWh.

Nissan is accelerating its EV strategy as part of its global long-term vision. Last year, the company 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 collaboration between Nissan and SK On is another milestone in the evolution of the U.S. EV manufacturing ecosystem, ensuring customers benefit from advanced, high-quality EV technology backed by a reliable domestic supply chain.

 

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Filed Under: Batteries, Technology News
Tagged With: nissan, skon
 

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