SES AI

SES AI

Develops advanced Lithium Metal batteries for EVs

About

SES AI specializes in developing advanced Lithium Metal (Li Metal) batteries for electric vehicles (EVs) used on land and in the air. These batteries provide better energy density and longer range than traditional lithium-ion batteries. The company serves various clients, including automotive and aerospace industries, by focusing on research and development, manufacturing, and licensing its battery technology. SES AI stands out from competitors by having state-of-the-art facilities for testing and refining its products, and it actively shares progress reports with the industry. The goal of SES AI is to support the global shift towards sustainable energy solutions by providing high-performance battery options.

Company Stage

N/A

Employees

51-200

Industries

Automotive & Transportation, Industrial & Manufacturing, Aerospace

Total Funding

$581.1M

Headquarters

N/A

Founded

2012


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Simplify's Take

What believers are saying

  • SES AI's collaboration with Hyundai and Kia to build one of the largest Li-Metal production lines in the world signifies strong growth potential and industry leadership.
  • The company's new facility in South Korea enhances its global manufacturing capabilities, complementing its existing Shanghai Giga factory.
  • SES AI's advancements in battery safety and performance, such as the 50Ah cells passing rigorous third-party abuse tests, position it as a reliable and innovative player in the EV battery market.

What critics are saying

  • The rapid pace of technological advancements in the battery industry could render SES AI's current technologies obsolete if not continuously updated.
  • Dependence on strategic partnerships and joint development agreements means that any disruption in these relationships could significantly impact SES AI's growth and innovation.

What makes SES AI unique

  • SES AI is a global leader in high-performance Li-Metal battery development and manufacturing, setting it apart from competitors focused on traditional lithium-ion technologies.
  • The company's strategic partnerships with major automakers like Hyundai, Kia, and GM for joint development agreements (JDAs) highlight its industry influence and collaborative approach.
  • SES AI's commitment to innovation is evident in its initiatives like the development of a closed-loop recycling process for Li-Metal batteries, a first in the industry.

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Growth & Insights
Headcount

6 month growth

6%

1 year growth

9%

2 year growth

37%

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