SK On Signs Battery Supply Deal with Nissan to Advance EV Production in America
This production will support 1,700 US jobs at SK On, and will involve a total investment of USD 661 million, including equipment purchases.
March 24, 2025. By Aishwarya
Under the agreement, SK On, a leading global battery manufacturer, will supply nearly 100GWh of high-performance, high-nickel batteries to Nissan 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 US jobs at SK On, and will involve a total investment of USD 661 million, including equipment purchases. This is in addition to Nissan's USD 500 million in investments for EV production at the Canton Assembly Plant.
"This agreement with SK On is a significant milestone for Nissan's electrification journey and supports further investment in US manufacturing. Through this smart partnership with SK On, we can leverage their growing U.S. production capacity to deliver innovative, high-quality electric vehicles that meet the needs of our customers," said Christian Meunier, chairman, Nissan Americas.
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 U.S. and is building four additional plants with partners. Once fully operational, SK On's annual US production capacity is expected to exceed 180 GWh.
"This agreement underscores the strength of our battery technology and our growing presence in the North American market. Leveraging our production footprint and expertise, we are committed to supporting Nissan's electrification strategy and the broader transition to sustainable mobility," said Seok-hee Lee, SK On president and CEO.
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 US EV manufacturing ecosystem, ensuring customers benefit from advanced, high-quality EV technology backed by a reliable domestic supply chain.
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