TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Sam Altman Reaffirms OpenAI’s Long-Term Commitment to NVIDIA Amid Chip Report 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Instagram Outage Disrupts Thousands of U.S. Users 
SpaceX Reports $8 Billion Profit as IPO Plans and Starlink Growth Fuel Valuation Buzz 
Oracle Plans $45–$50 Billion Funding Push in 2026 to Expand Cloud and AI Infrastructure 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns 
Palantir Stock Jumps After Strong Q4 Earnings Beat and Upbeat 2026 Revenue Forecast 
Ferrari NV, an Italian luxury sports car maker, has teamed up with SK On, a South Korean electric vehicle battery manufacturer, to produce next-generation batteries. The partners will work on producing eco-friendly supercar batteries.
MD Today reported that Ferrari and SK On signed a memorandum of understanding (MOU) for “Battery Cell Technology Innovation,” they announced this agreement on Wednesday, March 27. It was mentioned that South Korea’s leading EV battery maker is the only company that delivers batteries for the Ferrari auto brand.
Long-Time Partners
Ferrari and SK On will work together to design and produce batteries that will be installed in future electric supercar models. As per Bloomberg, the partners will share their respective expertise to make headway in battery cell technology and expand their technological collaboration as they exchange valuable information.
At any rate, although this is a new agreement, the companies have been working together for several years already. Their first deal was to supply batteries for Ferrari’s SF90 Stradale plug-in hybrid model, which was introduced in 2019.
Ferrari’s First Electric Car
The latest contract with SK On is in preparation for the release of Ferrari’s first fully electric supercar. The Italian automaker aims to release this EV within the fourth quarter of 2025.
The company is building its new production plant in northern Italy to produce EVs solely. The facility is set to open in June this year.
“We are excited to join Ferrari’s electrification journey,” SK On’s chief executive officer, Lee Seok Hee, said in a press release. “Combining expertise and technologies from the two companies, we expect to provide customers with new experiences and values.”
Ferrari’s CEO, Benedetto Vigna, also stated, “When companies and suppliers come together, collaboration powers common progress. We are working together with SK On to explore new frontiers and fuel the energy of shared ideas.”
Photo by: Jannis Lucas/Unsplash
