Nissan plans to purchase batteries from SK On for U.S. electric vehicle market

Nissan plans to purchase batteries from South Korean battery maker SK on for electric vehicles in the U.S. market starting in 2028. SK on will supply 20 gigawatt-hours (GWh) of electric vehicle batteries worth 2.5 trillion won (about $1.7 billion) to Nissan's U.S. auto plants, which is enough to power about 300,000 standard electric vehicles. The two companies are currently adjusting the details of the contract.