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SES AI signs contracts totaling up to $10 million to develop AI-enhanced Li-Metal and Li-ion batteries with automotive OEM partners
Jan 23, 2025•over 1 year ago
Contract Type
contract
WoburnManufacturingArtificial IntelligenceRenewable Energy
Description
SES AI Corporation has signed contracts totaling up to $10 million with two automotive OEM partners to develop AI-enhanced Li-Metal and Li-ion batteries for electric vehicles. The contracts involve the application of AI for Science to develop new electrolyte materials for automotive applications, with new revenue expected to be recognized in the fourth quarter of 2024 and the first half of 2025.
Company Information
Company
SES AI
Location
Woburn, Massachusetts, United States
About
SES AI Corp. (NYSE: SES) is powering the future of global electric transportation on land and in the air with the world’s most advanced Li-Metal batteries. SES AI is the first battery company in the world to accelerate its pace of innovation by utilizing superintelligent AI across the spectrum of its business, from research and development; materials sourcing; cell design; engineering and manufacturing; to battery health and safety monitoring. Founded in 2012, SES AI is an Li-Metal battery developer and manufacturer headquartered in Boston and with operations in Singapore, Shanghai, and Seoul.
WoburnManufacturingArtificial IntelligenceRenewable Energy