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NeoVolta Power has entered into a five-year agreement with SK On to supply 9 gigawatt-hours of lithium iron phosphate cells manufactured in the United States, for use at the company’s Georgia plant between 2027 and 2031. The collaboration could reach 18 gigawatt-hours if an additional phase, which remains conditional on future orders and commercial terms, is completed.
Factorial Energy has signed a nonbinding memorandum of understanding with SK On to evaluate the feasibility of mass-producing solid-state battery cells using existing lithium-ion battery production lines. The collaboration aims to address one of the biggest obstacles facing the technology: scaling manufacturing while maintaining quality and reducing defects.