NeoVolta Subsidiary Enters Battery Supply Deal With SK On

09:06 AM EDT, 08/31/2026 (MT Newswires) -- NeoVolta (NEOV) said Monday its NeoVolta Power subsidiary has entered into a five-year supply and manufacturing collaboration with SK On. Under the collaboration, SK On will supply 9 gigawatt-hours of US-manufactured lithium iron phosphate battery cells to NeoVolta Power from 2027 to 2031, the company said. The deal also establishes a framework for a broader partnership under which SK On will supply an additional 9 GWh of the cells to NeoVolta Power, while NeoVolta Power will produce energy storage packs for SK On for the same period, the company said. The deal establishes SK On as the primary cell supplier for NeoVolta Power's lithium iron phosphate pouch-cell-based battery energy storage system products, NeoVolta said. Shares of NeoVolta were up more than 16% pre-bell Monday.