SES AI Strikes New Battery Development Deal With Automakers

Artificial intelligence might be changing the battery business next.

‍What’s happening:‍

• SES AI (NASDAQ: SES) has landed new contracts for $10M USD with major automotive companies to apply artificial intelligence to developing new electrolytes for both lithium metal and lithium-ion batteries
  

Why it matters:‍

• This is one of the first large commercial deals in the public markets for artificial intelligence to transform battery materials which could have major implications for the future of battery manufacturing and production
  

Going deeper:‍

• SES AI has multiple large automakers as strategic investors already, including both General Motors (NYSE: GM) and Honda
  
• SES AI was previously a part of a large collaboration with Nvidia (NASDAQ: NVDA) and Super Micro Computers (NASDAQ: SMCI) focused on building large language models specifically for discovering new breakthroughs in battery materials

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