SK On and Nissan Announce Battery Supply Agreement to Support Future EV Production in America

• SK On to supply nearly 100GWh of U.S.-made batteries from 2028 to 2033
• Agreement strengthens Nissan’s future electrification strategy and SK On’s presence in the North American market
• SK On marks its first partnership with a Japanese automaker

SEOUL, South Korea & NASHVILLE, Tenn.--(BUSINESS WIRE)--SK On and Nissan today announced a battery supply agreement that will support Nissan’s electric vehicle (EV) production in North America.

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 U.S.-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 U.S. jobs at SK On, and will involve a total investment of $661 million, including equipment purchases. This is in addition to Nissan’s $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 U.S. manufacturing,” said Christian Meunier, chairman, Nissan Americas. “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.”

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 U.S. production capacity is expected to exceed 180GWh.

“This agreement underscores the strength of our battery technology and our growing presence in the North American market,” said Seok-hee Lee, SK On president and CEO. “Leveraging our production footprint and expertise, we are committed to supporting Nissan’s electrification strategy and the broader transition to sustainable mobility.”

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.

About Nissan

Nissan is committed to innovation and sustainable mobility, delivering vehicles that excite and inspire. With a strong focus on electrification, Nissan is shaping the future of mobility through advanced technology, customer-centric design, and a commitment to reducing carbon emissions.

For more information about Nissan products, services and commitment to sustainable mobility, visit nissanusa.com. You can also follow Nissan on Facebook, Instagram, X(Twitter) and LinkedIn and see Nissan’s latest videos on YouTube.

About SK On

SK On is a global leading battery & trading company committed to technological innovation for a better, sustainable future.

SK On was launched as an independent company in October 2021 after SK Innovation, South Korea’s largest energy company, decided to split off its battery business unit. SK On merged with SK Trading International in November 2024 followed by SK Enterm in February 2025 in a strategy to secure sustainable growth.

SK On aims to accelerate the green energy transition by leveraging its global production base and R&D capabilities, as well as its manufacturing and quality management know-how.

Headquartered in Seoul, South Korea, SK On has a worldwide presence with battery plants currently operating or in construction across the United States, Europe, and Asia.

For more information, visit: https://eng.sk.com/companies/sk-on