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Stock impact report

SES AI, Hyundai Motor and Kia Agree to Enter the Next Phase of Their Joint Development Contract [Yahoo! Finance]

SES AI Corporation Class A (SES) 
US:NASDAQ Investor Relations: ir.synthesisenergy.com
Company Research Source: Yahoo! Finance
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., April 24, 2024 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 first of its kind in the Li-Metal battery industry and represents an important milestone in achieving commercial production. T Show less Read more
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