Nissan has announced a significant agreement to purchase 20 gigawatt-hours of electric vehicle batteries from South Korea's SK On. This move marks a pivotal step in Nissan's strategy to establish its own battery supply system within the United States market, ensuring a steady supply of batteries for its future electric vehicles. The agreement will provide enough batteries to power approximately 300,000 standard electric vehicles, with installations set to commence in 2028.
The decision to partner with SK On comes as Nissan anticipates potential changes in the automotive landscape, including a possible merger with Honda Motor. By securing this deal, Nissan aims to solidify its position in the electric vehicle sector and prepare for any eventualities that may arise. The strategic agreement underscores Nissan's commitment to advancing its electric vehicle initiatives and expanding its footprint in the U.S. market.
Nissan's choice of SK On as its battery supplier highlights the company's focus on reliability and efficiency. SK On, a renowned South Korean company, will supply the batteries specifically for use in Nissan's U.S.-sold electric vehicles. This collaboration not only strengthens Nissan's supply chain but also enhances its ability to meet the growing demand for electric vehicles in the American market.
With the installation of these batteries slated to begin in 2028, Nissan is positioning itself for long-term success in the electric vehicle industry. The 20 gigawatt-hours of battery capacity secured through this agreement will play a crucial role in powering a substantial number of vehicles, furthering Nissan's mission to provide sustainable transportation solutions.
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