Ferrari And SK On Speed Ahead With Renewed Battery Tech Collaboration: Details
Portfolio Pulse from Shivani Kumaresan
Ferrari N.V. (NYSE:RACE) has renewed its technological collaboration with battery manufacturer SK On, continuing their partnership since 2019. This collaboration focuses on exploring new possibilities and solutions for Ferrari's high-performance models, including the SF90 Stradale, SF90 Spider, 296 GTB, and 296 GTS. Ferrari's CEO emphasized the importance of collaboration for progress. RACE shares saw a slight increase of 0.49% to $440.13.
March 27, 2024 | 2:09 pm
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Ferrari renews its partnership with SK On to enhance battery technology for its performance models, indicating a positive outlook on innovation and sustainability.
The renewal of the partnership between Ferrari and SK On is likely to be viewed positively by investors, as it emphasizes Ferrari's commitment to innovation and sustainability in its high-performance models. This strategic move could enhance Ferrari's competitive edge in the luxury automotive market, potentially leading to increased investor confidence and a positive impact on its stock price in the short term.
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