South Korean battery maker SK On said Monday it has clinched a deal with Swedish carmaker Polestar to supply its premium electric vehicle batteries. Under the agreement, the battery manufacturer will supply nickel, manganese and cobalt (NCM) batteries for the Polestar 5, the full-electric version of the carmaker's four-door coupe, from 2025. The size of the deal was not disclosed. The company said the partnershi.
Polestar (PSNY) signs battery supply agreement with SK On streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Readjustments to global carmakers electrification strategies in the wake of decelerating electric vehicle (EVs) demand globally present an opportunity for Korean battery makers to realign their plans and develop new technologies, according to industry officials, Friday.
Jee Dong-seob, CEO of SK Group’s battery company SK On, received the Silver Tower Order of Industrial Service Merit for his contributions to the development of the nation’s battery industry, the industry ministry said, Wednesday.