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.
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