SES AI Corporation - SES STOCK NEWS

SES AI Corporation (SES), a leader in high-performance lithium-metal batteries for electric vehicles, has appointed Daniel Li as Chief Manufacturing Officer. With 15 years of experience in the lithium-ion battery industry, Li will oversee the transition from automotive A-samples to B-samples and manage the establishment of a robust EV battery supply chain in North America. SES aims to commercialize its Li-Metal technology and enhance partnerships with automotive OEMs. This strategic move reflects SES's commitment to lead the next generation of EV and eVTOL batteries, leveraging Li's expertise from previous roles, including A123. The company's global operations are based in Boston, with additional partnerships across Singapore, Shanghai, and South Korea.

SES AI Corporation, a leader in lithium-metal rechargeable batteries for electric vehicles, announced the retirement of Robert Friedland from its board of directors, effective March 15, 2023. Friedland was instrumental in SES's transition from R&D to a global manufacturing company, contributing to significant milestones like the launch of the first 100Ah Li-Metal cell in 2021. SES is now preparing to enter B-samples and establish a North American EV battery supply chain. The company is actively seeking a replacement for Friedland, focusing on leaders in electric vehicles and battery technology.

SES AI Corporation (SES) announced its fourth-quarter financial results for 2022, marking a pivotal year in the development of its Li-Metal rechargeable batteries for electric vehicles (EVs). The company aims to transition to B-samples in 2023, setting the stage for future product development and commercial production. The earnings call is scheduled for 9:00 a.m. EDT, with details available on its Investor Relations website. SES remains focused on integrating its batteries into EVs and expanding its partnerships with original equipment manufacturers (OEMs). The company acknowledges potential risks, including supply chain challenges and achieving profitability.

SES AI Corporation, a leader in high-performance lithium-metal batteries, will release its Q4 2022 financial results on March 14, 2023, before market opens. A conference call is scheduled for 9:00 a.m. EDT the same day, with a live webcast available on their Investor Relations website.

SES focuses on rechargeable batteries for electric vehicles (EVs) and has operations in Boston, Singapore, Shanghai, and Seoul. Founded in 2012, SES is committed to innovation in battery technology and sustainability.

SES AI Corporation (NASDAQ: SES), a leader in high-performance lithium-metal batteries for electric vehicles, announced it will miss the filing deadline for its Annual Report on Form 10-K for the fiscal year ended December 31, 2022. This delay follows SES's status change to a 'large accelerated filer', requiring compliance with stricter regulations. The company anticipates filing by March 16, 2023. Notably, SES reported cash usage of approximately $61 million, below the expected $75-$85 million range, and ended the year with about $390 million in available liquidity, indicating a solid balance sheet. The company also expects to report material weaknesses in its internal controls.

SES AI Corporation (NASDAQ: SES), a leader in lithium-metal rechargeable batteries, has been awarded cash grants from the South Korean government, including Chung-Buk Province and Chung-Ju City. This initiative, driven by the Ministry of Trade, Industry and Energy, underscores SES's role in next-generation battery technology. Following a high-profile meeting in September 2022 with South Korean President Yoon Suk Yeol, SES announced plans for increased investment to enhance its manufacturing capabilities for Apollo cells. In 2023, SES aims to expand globally while receiving recognition from South Korea, reinforcing its position within the global battery industry.

SES AI Corporation hosted its second annual Battery World event, announcing progress in commercializing its Li-Metal battery technology. CEO Dr. Qichao Hu revealed a new facility in Chungju, South Korea, enhancing manufacturing capacity and strengthening partnerships with OEMs like GM, Hyundai, and Honda. The 50Ah cells demonstrated excellent performance in harsh climates and passed third-party abuse tests. SES AI aims for a robust supply chain to support its EV battery commercialization efforts.

SES AI Corporation has announced the agenda for Battery World 2022, focusing on "Building the Next Battery Supply Chain". The event will feature a keynote by CEO Dr. Qichao Hu and a panel discussion with leaders from companies like GM and Honda. Scheduled for December 13, 2022, at 11:00 AM EST in the U.S., it will be followed by sessions in Korea and China on December 14. Participants will explore challenges and advancements in the electric vehicle battery industry.

SES AI Corporation, a leader in high-performance lithium-metal rechargeable batteries for electric vehicles, will participate in the Water Tower Research Fireside Chat Series on November 18, 2022, at 10:00 AM EST. CEO Qichao Hu will discuss the company's technology and commercialization roadmap. Investors can register for the event here.