Welcome to our dedicated page for SES AI Corporation news (Ticker: SES), a resource for investors and traders seeking the latest updates and insights on SES AI Corporation stock.
SES AI Corporation (SES) is a pioneering company in the field of integrated lithium-metal battery manufacturing. Focused on research and development, SES AI Corp is dedicated to creating high-performance rechargeable batteries specifically designed for electric vehicles (EV), urban air mobility (UAM), which includes electric vehicle take-off and landing (eVTOL) systems, and other applications.
Currently in the pre-commercialization stage, SES AI Corporation is advancing lithium-metal (Li-Metal) battery technologies to enhance the efficiency and longevity of energy storage solutions. The company's expertise spans across various domains, including material science, cell development, module assembly, AI-powered safety algorithms, and recycling. This comprehensive approach ensures that SES AI Corp can deliver innovative and sustainable energy solutions to meet the growing global demand for clean energy.
One of the notable features of SES AI Corporation is its AI-powered safety algorithms, which play a critical role in enhancing the safety and reliability of their battery technologies. In addition to their robust research and development efforts, the company is also focusing on the initial production phase, gearing up to introduce these advanced batteries to the market.
SES AI Corporation's recent achievements include significant strides in battery performance, including increased energy density and improved cycle life, which are essential for the practical deployment of Li-Metal batteries in EVs and other applications. The company is also exploring strategic partnerships to bolster their technological capabilities and market reach.
With a strong commitment to innovation and sustainability, SES AI Corporation is well-positioned to lead the future of energy storage solutions, particularly in the rapidly evolving EV and UAM sectors.
For the latest updates and news, be sure to check out the most recent announcements from SES AI Corporation:
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SES AI (NYSE: SES), a leader in Li-Metal battery development, has announced its participation in the upcoming Water Tower Research Fireside Chat Series. The event, scheduled for September 5, 2024, at 1:00 p.m. Eastern Time, will feature Dr. Qichao Hu, the company's Founder, Chairman, and CEO. The discussion, hosted by Shawn Severson of Water Tower Research, will cover important topics including:
- SES AI's path for EV, UAM, and AI commercialization
- The company's go-to-market strategy and product roadmap
- Recent safety and product milestones
The Fireside Chat is open to all investors, with registration available through the provided link.
SES AI (NYSE: SES) has achieved a significant milestone in the commercialization of Li-Metal battery technology. The company's 100 Ah Li-Metal cells for automotive applications have become the first in the industry to pass the GB38031-2020 Electric Vehicles Traction Battery Safety Standard tests. This standard is widely recognized by SES AI's EV OEM partners and other leading manufacturers globally.
The GB38031-2020 standard involves rigorous tests including overcharge, over discharge, external short circuit, heating, temperature cycling, and crushing. This achievement follows SES AI's acquisition of the UN38.3 safety certificate last year. The company's CEO, Qichao Hu, emphasized the importance of this milestone, highlighting SES AI's decade-long commitment to refining Li-Metal chemistry and enhancing battery safety.
This development strengthens SES AI's commercialization momentum, following its advancement to the next phase of a JDA with Hyundai. The company also recently unveiled its All-in-on-AI strategy, leveraging AI for Science, Manufacturing, and Safety to accelerate Li-Metal battery commercialization.
SES AI (NYSE: SES) has announced the completion of its first Li-Metal cell production facility dedicated to Urban Air Mobility (UAM) in Chungju, South Korea. This marks a significant step in the company's commercialization of Li-Metal battery technology. The facility, which has completed its Field Acceptance Test (FAT), is the world's first high-energy density Li-Metal line specifically for UAM applications.
Key highlights include:
- Installation of AI for Manufacturing and AI for Safety
- Conversion of previous EV A-sample line to UAM line
- Recent GB38031-2020 certification for abuse safety
- Advancement to B-sample development with Hyundai Motor Company and Kia
- Implementation of All-in-one AI strategy for Science, Manufacturing, and Safety
This development positions SES AI as a leader in high-performance Li-Metal batteries for the emerging UAM market, complementing its existing efforts in the EV sector.
SES AI (NYSE: SES) announced its new 'All-in on AI' strategy during its Q2 2024 earnings report. The company is focusing on three AI solutions for batteries: AI for Manufacturing, AI for Safety, and AI for Science. These solutions are expected to generate revenue sooner than anticipated and shape the future of electric transportation.
Key highlights include:
- Lowered full-year 2024 cash usage guidance to $100M-$120M (previously $110M-$130M)
- Strong balance sheet providing liquidity into 2027
- Accelerating demand for UAM and drones, with cell testing agreements reached
- Potential to accelerate commercialization and profitability of Li-Metal for EV, UAM, and drones
CEO Dr. Qichao Hu emphasized the company's prudent cash management and the paradigm shift introduced by their AI solutions.
SES AI (NYSE: SES), a leader in Li-Metal battery development, has announced its 2024 second quarter earnings call schedule. The company will release its financial results on Monday, July 29, 2024, after market close. A conference call will follow at 5:00 p.m. Eastern Time.
Investors can access the live webcast through SES's Investor Relations website. Pre-registration for the call is available, and investors can submit questions in advance until Friday, July 26, 2024 at 11:00 p.m. Eastern Time. The call can also be accessed via phone, with toll-free and international numbers provided. A webcast replay will be available shortly after the call.
SES AI, a leader in Li-Metal battery development for electric vehicles (EV) and urban air mobility (UAM), announced the release of its inaugural sustainability report, 'SES AI Cares'. This report highlights the company's commitment to integrating sustainable practices across its business operations, including research and development, supply chain, and manufacturing.
Key focuses of SES AI Cares include relentless innovation, AI-driven safety, human engineering, and AI for scientific discovery. The company collaborates with Worcester Polytechnic Institute on advanced recycling technology and maintains sustainability considerations in its supplier partnerships.
SES AI has established Joint Development Agreements (JDAs) with major automotive OEMs like Honda, GM, and Hyundai, and is converting an A-sample line for UAM applications. The company also emphasizes employee empowerment through best practices in compensation, safety, labor rights, and inclusion.
SES AI (NYSE: SES), a global leader in high-performance Li-Metal batteries, will present at two investor conferences in June 2024. Dr. Qichao Hu, Founder, Chairman, and CEO, will present and hold investor meetings at both events. The Deutsche Bank Global Auto Industry Conference will take place on June 11-12, 2024, with Dr. Hu's presentation scheduled for June 11 at 3:25pm ET. The 3rd Annual Evercore ISI Global Clean Energy & Transitions Summit will occur on June 11-12, 2024, with a presentation on June 12 at 3:25pm ET. Both events will be held in New York City, and webcasts will be available for the presentations.
SES AI (NYSE: SES), a leader in Li-Metal battery technology, announced that its CEO, Dr. Qichao Hu, will join the Water Tower Research Fireside Chat on May 22, 2024, at 2:00 p.m. ET. The discussion, hosted by Shawn Severson, will address the advancements SES AI is making in battery safety and performance through its AI platform, aimed at EV and UAM markets. Additional topics include OEM safety requirements and SES AI's role in revolutionizing electrolyte material development. Investors can join the event by registering via Water Tower Research.
SES AI reported its first quarter 2024 earnings results, affirming the 2024 outlook. The company highlighted key achievements, including operating a Li-Metal line in an automotive OEM's facility and securing two B-sample development JDAs. They emphasized progress in the UAM market and the conversion of an existing line to dedicated UAM cells. The CEO highlighted a collaboration with Hyundai and Kia, signaling advancements towards commercializing Li-Metal technology for automotive and UAM applications.
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