Swedish-based premium electric vehicle manufacturer Polestar says it has signed an agreement with South Korean battery manufacturer SK On for the supply of battery cell modules for its upcoming Polestar 5.
Polestar debuted the Polestar 5 electric four-door GT in 2021 and is currently planning to begin production in 2025.
It says the agreement with SK On reflects their “superior battery cell technology that offers high-performing chemistry, fast charging, efficient discharging, and superior driving range.”
According to Polestar, the high-nickel battery cell modules will comprise ultra-long 56cm cells with high energy density.
“Our relationship with SK On has been fruitful following our initial MoU and their investment in our brand,” said Thomas Ingenlath, Polestar CEO.
“Polestar 5 is developing at pace and will feature this high-capacity battery to provide the performance expected of our grand tourer.”
Polestar and SK On parent company SK signed a memorandum of understanding (MoU) in the middle of 2021 that was designed to pave the way for potential collaboration in areas including EV battery technology and associated systems as well as semiconductor technology.
SK also participated in a $US550 million fund raising in early 2021 that was led by Chongqing Chengxing Equity Investment Fund Partnership, Zibo Financial Holding, and Zibo Hightech Industrial Investment.
Joshua S. Hill is a Melbourne-based journalist who has been writing about climate change, clean technology, and electric vehicles for over 15 years. He has been reporting on electric vehicles and clean technologies for Renew Economy and The Driven since 2012. His preferred mode of transport is his feet.