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Stock impact report

SES AI and Top Material Announce Plans to Boost Cell Manufacturing Capacity in Korea for Drone Applications [Yahoo! Finance]

SES AI Corporation Class A (SES) 
US:NASDAQ Investor Relations: ir.synthesisenergy.com
Company Research Source: Yahoo! Finance
AI-enhanced high-performance Li-Metal and Li-ion batteries, and Top Material (KOSDAQ: 360070) a leader in advanced materials solutions and end-to-end gigafactory engineering systems for rechargeable batteries and manufacturer of next generation cathode materials in Korea, today announced plans to collaborate to boost cell manufacturing capacity in Korea for drones and urban air mobility (UAM) applications and lay the foundation for compliance with the U.S. National Defense Authorization Act (NDAA). This collaboration is expected to take place at SES AI's existing factory in Chungju, South Korea, which was established in 2021 with financial support from South Korea's central government and Chungcheongbuk-do province and the City of Chungju. The facility is notable for producing the world's first 100Ah lithium-Metal battery for automotive applications in 2021 and 30Ah lithium-Metal battery for UAM applications in 2024. The collaboration is expected to leverage SES AI's AI-enhanced, Show less Read more
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