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SK On seals $2.8 bn battery deal with Bezos-backed US EV start-up Slate

Korea Economic Daily LogoKorea Economic Daily10h ago

SK On seals $2.8 bn battery deal with Bezos-backed US EV start-up Slate - Korea Economic Daily

Quick Summary:

At a product unveiling event in Long Beach, California, on Thursday, Slate Chief Executive Chris Barman described the start-up as “more than a car company,” calling it “a flexible truck platform built for customization.”SK On CEO Lee Seok-hee, who attended the launch, said the partnership reaffirmed “trust in SK’s technology and manufacturing capabilities in the US.”“The US is a core strategic market for us,” Lee said.“We’re committed to delivering high-quality, locally made batteries that meet the needs of a rapidly evolving EV landscape.” NISSAN: SK ON’S FIRST JAPANESE CLIENTLast month, SK On signed a deal to supply 99.4 GWh of high-performance, high-nickel batteries to Nissan from 2028 to 2033.

SK On Co., the battery subsidiary of South Korea’s energy conglomerate SK Group, has signed a supply agreement worth an estimated 4 trillion won ($2.8 billion) with US electric vehicle start-up Slate Auto, which has drawn attention after it was known to have secured Amazon founder Jeff Bezos among its backers.

SLATE TRUCK BATTERIES WILL BE MADE AT SK’S US PLANTFounded in 2022 in Michigan, Slate plans to launch a compact two-door electric pickup truck next year priced under $30,000 – a segment largely overlooked by incumbent EV makers.


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SK On seals $2.8 bn battery deal with Bezos-backed US EV start-up Slate - Korea Economic Daily (Picture 1)SK On seals $2.8 bn battery deal with Bezos-backed US EV start-up Slate - Korea Economic Daily (Picture 2)SK On seals $2.8 bn battery deal with Bezos-backed US EV start-up Slate - Korea Economic Daily (Picture 3)SK On seals $2.8 bn battery deal with Bezos-backed US EV start-up Slate - Korea Economic Daily (Picture 4)SK On seals $2.8 bn battery deal with Bezos-backed US EV start-up Slate - Korea Economic Daily (Picture 5)SK On seals $2.8 bn battery deal with Bezos-backed US EV start-up Slate - Korea Economic Daily (Picture 6)

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Category: Economy

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Article Type: News Report

Published On: 2025-04-25 @ 16:26:00 (10 hours ago)

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