SES AI, Hyundai Motor and Kia Agree to Enter the Next Phase of Their Joint Development Contract
SES AI Corporation Class A (SES)
US:NASDAQ Investor Relations:
ir.synthesisenergy.com
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Source: Business Wire
This agreement marks two world firsts for SES AI: It is the first time a Lithium-Metal battery manufacturer has agreed to build a line within an automotive OEM’s facility, and it makes SES AI the only Li-Metal battery company to have two B-sample development JDAs underway. WOBURN, Mass.--(BUSINESS WIRE)--SES AI Corporation (“SES AI”) (NYSE: SES), a global leader in the development and manufacturing of high-performance Li-Metal batteries, today announced that it signed an agreement to enter the next phase of its existing joint development agreement (“JDA”) with Hyundai Motor Company (‘’Hyundai Motor’’) and Kia Corporation (“Kia”) to start developing B samples.As part of the agreement, Hyundai Motor and Kia - SES AI will build a dedicated B-sample cell development, assembly and testing facility in Ui-Wang, South Korea starting later this year, and SES AI will build and operate one of the largest capacity Li-Metal lines in the world within this new facility. This collaboration is the
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SES
News
- SES AI Reports First Quarter 2024 Earnings Results; Affirms 2024 Outlook [Yahoo! Finance]Yahoo! Finance
- SES AI Reports First Quarter 2024 Earnings Results; Affirms 2024 OutlookBusiness Wire
- SES AI, Hyundai Motor and Kia Agree to Enter the Next Phase of Their Joint Development Contract [Yahoo! Finance]Yahoo! Finance
- SES AI Announces its May 2024 Event Calendar [Yahoo! Finance]Yahoo! Finance
- SES AI Announces its May 2024 Event CalendarBusiness Wire
SES
Earnings
- 5/2/24 - In-Line
SES
Sec Filings
- 5/3/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/23/24 - Form ARS
- SES's page on the SEC website