Polestar And SK Inc Sign MOU To Enable Collaboration In Technology

The two companies have signed a Memorandum of Understanding (MoU) that paves the way for them to evaluate possible collaboration in areas that include electric vehicle battery technology and associated systems as well as semiconductor technology.

By Ameya Naik

1 mins read

Published on June 13, 2021

Highlights

Polestar is exploring a wide-ranging alliance with South Korea's SK Inc to advance its development of high-performance electric cars. SK Group operates more than 120 businesses across the semiconductor, electric vehicle battery, energy and telecommunication industries. The two companies have signed a Memorandum of Understanding (MoU) that paves the way for them to evaluate possible collaboration in areas that include electric vehicle battery technology and associated systems as well as semiconductor technology. The scope will also include potential commercial opportunities such as battery supply for upcoming vehicles. Also Read: Polestar Precept To Make Public Debut At Goodwood Festival Of Speed The scope will also include potential commercial opportunities such as battery supply for upcoming vehicles Both companies will now conduct technical, sustainability and cost feasibility studies for each area to evaluate partnership potential. Polestar expects to provide further details of the outcome of these talks in the future. Thomas Ingenlath, Polestar CEO, said, "The two words that unify Polestar and SK are 'performance' and 'sustainability'. With this MoU we can evaluate the opportunity to jointly develop battery technology for high performing cars and other commercial offerings, with a focus to support our significant global growth plans."