South Korean EV battery producer SK On has signed a battery cell provide settlement with the Swedish EV maker Polestar, securing one other long-term development engine within the world battery market.
Beneath the settlement, SK On will provide battery cells to Polestar for its flagship EV 4-door coupe, Polestar 5 from 2025.
With manufacturing deliberate to begin in 2025, Polestar 5 is an opulent four-door GT (Grand Tourer) mannequin from the all-electric Swedish marque. Polestar 5 is about to supply as much as 650 kW (884 hp) and 900 Nm, and is to be constructed on Polestar’s bespoke bonded aluminum platform.
Powering Polestar 5 will probably be SK On’s ultra-long high-nickel batteries comprised of 56-centimeter-long cells. Specifically, these batteries, boasting excessive vitality density, demonstrated excellent security credentials by efficiently passing stringent circumstances in Thermal Propagation (TP) exams.
“We’re delighted to collaborate with Polestar on its top-tier EV mannequin,” stated SK On CEO Jee Dong-seob. “We’ll solidify our partnership with Polestar and create new alternatives by way of this settlement.”
Thomas Ingenlath, Polestar CEO, stated, “Our relationship with SK On has been fruitful following our preliminary MOU and their funding in our model. Polestar 5 is creating at tempo and can characteristic this high-capacity battery to offer the efficiency anticipated of our grand tourer.”
In 2021, SK Group invested in Polestar by way of a New Mobility Fund. The 2 corporations additionally signed a memorandum of understanding (MOU) to strengthen their collaboration within the area of electrical autos.
Nov 6, 2023