SES AI Unveils AI-Enhanced Battery for Robotics at CES 2025

SES AI unveils new AI-enhanced battery at CES 2025 By Investing.com

LAS VEGAS - SES AI Corporation (NYSE: SES), known for its AI-driven battery technology, has introduced a new AI-enhanced 2170 cylindrical cell at the CES 2025 event. This battery, designed primarily for use in humanoid robots, incorporates an innovative electrolyte material discovered through the company's Molecular Universe project, a collaboration with NVIDIA (NASDAQ:NVDA) and other partners. The announcement comes as SES, currently valued at $811 million, has seen its stock surge over 102% in the past six months, according to InvestingPro data. The new 2170 cell represents a significant step in battery technology, combining the standard form factor of existing Li-ion cells with enhanced performance characteristics. These include improved low-temperature operation, higher rate performance, increased cycling stability, and reduced risks associated with gassing and overheating. The battery is aimed at meeting the demands of high-energy applications in robotics and drones. InvestingPro analysis shows SES maintains a strong financial position with more cash than debt on its balance sheet, supporting its innovative development efforts. The Molecular Universe project has mapped the properties of a vast number of molecules potentially suitable for battery electrolytes, a task accelerated by recent advances in GPU computing. This collaboration has reduced the time for molecule mapping from thousands of years to mere months, marking a transformative leap in molecule discovery for battery applications. SES AI's CEO, Qichao Hu, highlighted the significance of the new electrolyte in addressing issues faced by OEMs with traditional Li-ion cells. The global market for Li-ion cylindrical cells is currently valued at $10 billion as of 2023 and is projected to quintuple by 2033. The introduction of this new cell type is expected to tap into this growing market and create additional revenue opportunities for SES AI. The company invites attendees to learn more about the AI-enhanced 2170 cylindrical cells at CES 2025, Booth 9353 in the LVCC North Hall, from Sunday to Wednesday. Based in Boston with operations in Singapore, Shanghai, and Seoul, SES AI Corp (NYSE:SES). is propelling the future of electric transportation with its advanced Li-Metal battery technology. The company has emphasized its commitment to innovation by leveraging AI across various aspects of its business, from R&D to battery health monitoring. This announcement is based on a press release statement from SES AI Corporation. It should be noted that forward-looking statements in the press release are based on current expectations and involve risks and uncertainties. Actual results may differ materially from those projected in the forward-looking statements. In other recent news, SES AI, the electric vehicle battery maker, announced significant advancements in its lithium metal battery technology and AI solutions during its third quarter 2024 earnings call. The company highlighted the successful completion of key safety tests for its 100 mPOWER lithium metal B-sample cells and the establishment of supply agreements, including one with SoftBank (TYO:9984). These developments are expected to generate substantial revenue from AI-accelerated battery material discovery. SES AI reported a strong financial standing, ending the third quarter with $274 million in liquidity, which ensures a robust balance sheet through 2028. Operating expenses for the quarter were $34.2 million, with cash usage for 2024 forecasted between $80-$95 million. In other company news, the immediate resignation of board member Brian Krzanich was announced after his appointment as CEO of Cerence Inc (NASDAQ:CRNC). The company has not yet announced a successor or detailed any changes to the board's structure following Krzanich's exit. Investors and stakeholders of SES AI will be watching closely to see how this transition affects the company's governance and strategic direction.

SES AI Unveils an AI-Enhanced 2170 Cylindrical Cell for Humanoid Robotics and Drone Applications at CES 2025

World's first battery to use an electrolyte material discovered by SES AI's Molecular Universe efforts, a collaboration with NVIDIA on GPU-accelerated computation chemistry SES AI Corporation "SES AI" (NYSE: SES), a global leader in the development and manufacturing of AI-enhanced high-performance Li-Metal and Li-ion batteries, today unveiled an entirely new AI-enhanced 2170 cylindrical cell for emerging humanoid robotics applications at the 2025 CES Show held at the Las Vegas Convention Center in Las Vegas, Nevada. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250106534441/en/ SES AI's new 2170 cylindrical cell is the first battery that uses an electrolyte discovered by SES AI's Molecular Universe effort, which is mapping the physical and chemical properties of the entire universe of small molecules suitable for battery electrolytes (10^11 molecules). The latest advancements in GPU and computing software have accelerated the time to map the single molecule properties of the Molecular Universe from more than 8,000 years to just 2 months. This transformation in molecule discovery originates from the collaboration SES AI entered into with NVIDIA, Supermicro and Crusoe in September 2024 and was featured at the 2024 Supercomputing event. This AI-enhanced 2170 cylindrical cell combines both the industry-standard form factor and large-scale availability of 2170 Li-ion cells with the enhanced low temperature, high-rate performance and high-capacity cycling stability, and reduced gassing and thermal risks of this new electrolyte discovered by AI. The new cell delivers a compact easy-to-integrate high-energy density and high-power density cell for customers in humanoid robots, drones and other applications. Founder and CEO Qichao Hu, noted, "We were asked by several OEMs to find an electrolyte that would solve the gassing and poor low temperature cycling and rate performance issues they were experiencing with traditional Li-ion 2170 cells used in high-energy applications. We believe the new electrolyte we have discovered through our AI solves this issue and opens a new market for us in Li-ion 2170 cells, which are predominantly used in robotics and drone applications. The worldwide market for Li-ion cylindrical cells alone is currently estimated at $10bn in 2023 and expected to grow to $50bn by 2033 according to Allied Market Research. Using this electrolyte in our new cells as well as Li-Metal applications creates additional revenue potential we had not previously anticipated." Come and learn about these AI-enhanced 2170 cylindrical cells at: 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. Learn more at SES.AI. SES AI may use its website as a distribution channel of material company information. Financial and other important information regarding SES AI is routinely posted on and accessible through the Company's website at www.ses.ai. Accordingly, investors should monitor this channel, in addition to following SES AI's press releases, Securities and Exchange Commission filings and public conference calls and webcasts. Forward-Looking Statements This press release contains statements that SES AI believes are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements relating to expectations for future financial performance, business strategies or expectations for our business. These statements are based on the beliefs and assumptions of the management of SES AI. Although SES AI believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, it cannot provide assurance that it will achieve or realize these plans, intentions or expectations. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as "anticipate", "believe", "can", "continue", "could", "estimate", "expect", "forecast", "intend", "may", "might", "plan", "possible", "potential", "predict", "project", "seek", "should", "strive", "target", "will", "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. You should not place undue reliance on these forward-looking statements. Should one or more of a number of known and unknown risks and uncertainties materialize, or should any of SES AI's assumptions prove incorrect, our actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include, but are not limited to the following risks: risks related to the development and commercialization of SES AI's battery technology and the timing and achievement of expected business milestones; risks relating to the uncertainty of achieving and maintaining profitability; risks relating to the uncertainty of meeting future capital requirements; the ability of SES to integrate its products into electric vehicles ("EVs") and Urban Air Mobility ("UAM"), drones and other applications; the risk that delays in the pre-manufacturing development of SES AI's battery cells could adversely affect SES AI's business and prospects; the market for air mobility, and for use of Li-Metal technology in air mobility applications, is still emerging and may not achieve the growth potential we expect; the risk that the market for SES AI's AI-based services is still emerging, and its AI programs may not achieve the growth potential SES AI expects; risks relating to the development of the UAM market and demand for batteries from the UAM industry; potential supply chain difficulties; the ability of SES AI to engage target original equipment manufacturers ("OEMs") customers successfully and integrate SES AI's products into EVs manufactured by OEM customers; the ability to obtain raw materials, components or equipment through new or existing supply relationships; our use of artificial intelligence and machine learning may result in legal and regulatory risk; risks resulting from SES AI's joint development agreements and other strategic alliances and investments; product liability and other potential litigation, regulation and legal compliance; SES AI's ability to attract, train and retain highly skilled employees and key personnel; developments in alternative technology or other fossil fuel alternatives; risks related to SES AI's intellectual property; business, regulatory, political, operational, financial and economic risks related to SES AI's business operations outside the United States; SES AI's failure to satisfy certain NYSE listing requirements may result in its Class A common stock being delisted from the NYSE, which could eliminate or adversely affect the trading market for SES AI's Class A common stock; the volatility of SES AI's common stock and value of SES AI's public warrants; and the other risks described in "Part I, Item 1A. Risk Factors" in our annual report on Form 10-K for the fiscal year ended December 31, 2023 filed with the Securities and Exchange Commission ("SEC") on February 27, 2024 and other documents filed from time to time with the SEC. There may be additional risks that SES AI presently knows and/or believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect SES AI's expectations, plans or forecasts of future events and views only as of the date of this press release. SES AI anticipates that subsequent events and developments will cause its assessments to change. However, while SES AI may elect to update these forward-looking statements at some point in the future, SES AI specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing SES AI's assessments as of any date subsequent to the date of this press release.