Market Chatter: Ferrari, SK On Discuss Battery Partnership

MT Newswires Live

02-17

Italian automaker Ferrari's CEO Benedetto Vigna met with SK On chief Lee Seok-hee in Seoul to discuss battery cooperation ahead of Ferrari's first electric vehicle launch in October, Yonhap News reported Friday.

EV battery manufacturer SK On is a subsidiary of SK Innovation (KRX:096770).

The two companies, partners since 2019, have previously collaborated on plug-in hybrid electric vehicle models such as the SF90 Stradale. The visit follows last year's memorandum of understanding on battery innovation, the report said.

Shares of SK Innovation rose more than 5% at market close on Monday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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The visit follows last year's memorandum of understanding on battery innovation, the report said.Shares of SK Innovation rose more than 5% at market close on Monday.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1}}}