ST. PETERSBURG, FL., April 12, 2022 – Water Tower Research has published an Initiation of Coverage on SES AI Corp. (NYSE: SES). The report focuses on the company’s key drivers, technology, milestones, obstacles, and opportunities.
“SES AI’s lithium metal batteries outperform lithium-ion batteries in density, affordability, performance, and safety and provide a faster pathway to commercial-scale relative to SSBs. Additionally, SES’s battery platform can take advantage of the current Li-ion infrastructure to create Li-Metal batteries, making it scalable and cost-competitive, while providing higher performance characteristics,” said Shawn Severson, Co-Founder of Water Tower Research and Head of ClimateTech & Sustainable Investing Research. “The company has already inked A-sample JDAs with GM, Hyundai, and Honda and has expansion plans in place to have a total capacity of more than 100 GWh by 2028. Importantly, the company also believes it currently has enough capital to reach commercialization.”
Mr. Severson continued, “The company recently announced a 100+ Ah Li-Metal cell. It is the world’s first 100+ Ah and largest Li-Metal cell (“Apollo”), developed specifically for the automotive industry, including wide-width thin lithium foil and extended temperature range operation. It is also important to note that SES is the only Li-Metal company that has entered into A-sample joint development agreements (JDAs) with major OEMs. SES will deliver these A-sample batteries to GM, Hyundai, and Honda in 2022. Overall, SES holds a unique position in the EV value chain with a high-performance, cost-competitive battery platform, and enough capital to reach commercial-scale goals.”
The full report can be downloaded HERE.
ADDITIONAL WATER TOWER RESEARCH ON SES AI (SES)
Management Series · Apr 6, 2022
Rohit Makharia, President and COO, joined SES in 2021 after 19 years at General Motors (GM) to assist in taking the company to the next stage in the commercialization of its Li-Metal technology. SES’s key differentiator is its proprietary lithium metal batteries. They are lighter, more energy-dense, safer, and cost-competitive than traditional lithium-ion batteries with around 60% of the manufacturing process and components overlapping with standard Li-ion batteries.
Fireside Chat · Mar 30, 2022
We hosted SES AI Corp. President and COO Rohit Makharia to discuss the roadmap to commercialize Li-Metal batteries. Topics included the differences between traditional lithium-ion and solid-state batteries and the company’s proprietary Li-Metal batteries, the role of SES’s strategic relationships, including with leading global OEMs such as GM, Hyundai, and Honda, and the obstacles and the opportunities on the path to commercialization of the company’s lithium-metal battery platform.
Update Note · Mar 16, 2022
SES AI Corp. posted a shareholder letter from Founder and CEO Dr. Qichao Hu to its website. The shareholder letter provides an overview of SES and the company’s path to commercialization.
Management Series · Mar 9, 2022
SES’s key differentiator is its lithium metal batteries, intended to be lighter, more energy-dense, safer, and less expensive than lithium-ion batteries, with around 60% manufacturing process and component overlap with standard Li-Ion Batteries.
Fireside Chat · Feb 23, 2022
On Wednesday, February 23 we hosted SES AI Corp. (SES) CEO Dr. Qichao Hu. He provided an overview of SES’s strategic initiatives and technology roadmap in Li-Metal batteries.
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