In a recent development, Swedish electric vehicle manufacturer Polestar PSNY forged a partnership with South Korea’s leading battery producer, SK On. The collaboration involves SK On supplying battery cell modules for Polestar’s upcoming Polestar 5 electric 4-door GT.
The decision to collaborate with SK On was influenced by the latter’s advanced battery cell technology, Polestar said in a release. SK On’s technology is noteworthy for its high-performing chemistry, quick charging, and efficient discharging capabilities, which collectively contribute to extended driving range. The battery cell modules, made up of 56 cm cells with high energy density, are composed predominantly of nickel,
Thomas Ingenlath, CEO of Polestar, showcased his enthusiasm for the new partnership, recognizing SK On’s previous investments in Polestar and the swift development of the Polestar 5. Concurrently, Jee Dong-seob, CEO of SK On, expressed his pleasure at the partnership, pledging to strengthen the relationship with Polestar and explore new opportunities through the agreement.
See Also: Toyota’s EV Pickup Trial In Thailand Aims To Outshine Warren Buffett-Backed BYD And Great Wall Motor
Expected to begin production in 2025, the Polestar 5 is a representation of the evolution of the Polestar Precept concept car. The development of the vehicle is currently being showcased in a YouTube documentary series titled "From Concept to Car.”
SK On is a spin-off of South Korea’s largest energy company, SK Innovation. The company is globally recognized as a leading developer, manufacturer, and solutions provider of electric vehicle (EV) batteries.
Photo by Jeppe Gustafsson on Shutterstock
Engineered by Benzinga Neuro, Edited by Pooja Rajkumari
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.