Battery manufacturer SK On and auto company Nissan have entered a supply agreement to support Nissan’s North America electric vehicle (EV) production, according to a March 19 press release.

SK On will supply nearly 100 gigawatt-hours of high-nickel batteries to Nissan from 2028 to 2033, the release said.

The batteries will power Nissan’s next-generation EVs to be produced at its Canton, Mississippi, assembly plant.

The agreement will involve a total investment of $661 million, including equipment purchases, the companies said.

The investment is in addition to Nissan’s $500 million in investments for EV production at the Canton plant. Last year, Nissan announced plans to launch 30 new models over the next three years, 16 of which are electrified.

 Among those models are all-new EVs from its Canton assembly plant starting in 2028.

“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.”

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