SK On reaches battery supply agreement with electric car company Slate supported by Bezos

SK On, the battery subsidiary of South Korean SK Group, announced on Friday that it has been selected as the battery supplier for the American electric vehicle startup Slate. According to the agreement, SK On will supply 20 gigawatt hours of batteries to Slate from 2026 to 2031, with the option to increase the quantity as production scales up. These batteries will be enough to power approximately 300,000 medium-sized electric vehicles. The financial terms of the contract were not disclosed, but industry estimates value it at around 4 trillion Korean won.