24/7 Market News Snapshot 23 January, 2025 – SES AI Corporation (NYSE:SES)

January 23, 2025

DENVER, Colo., 23 January, 2025 (247marketnews.com) – (NYSE:SES) are discussed in this article.
SES AI Corporation has experienced a significant uptick in its stock price, with shares opening at $1.08 and reaching an impressive $1.365—a surge of 64.18% following a previous closing price of $0.831. The robust trading volume of 135.24 million shares indicates heightened investor interest and confidence in the company’s future prospects. As SES AI explores the evolving dynamics of artificial intelligence within the battery technology sector, it is capturing the attention of traders and analysts alike.

In parallel, SES AI has announced the signing of substantial contracts valued at up to $10 million with two major global OEM partners. This strategic collaboration aims to utilize artificial intelligence to discover new electrolyte materials specifically designed for Li-Metal and Li-ion batteries, targeting the automotive sector. This initiative is anticipated to generate revenue as early as the fourth quarter of 2024 and into the first half of 2025. This development follows SES AI’s recent milestone of creating the world’s first battery utilizing an AI-derived electrolyte, poised for uses in drones and robotics.

Qichao Hu, Founder and CEO of SES AI, expressed optimism regarding these partnerships, emphasizing that they represent a significant step in applying AI-discovered electrolytes to the advancement of both Li-Metal and conventional Li-ion battery technologies. This collaboration not only affirms the effectiveness of SES AI’s innovative methodologies but also lays a foundation for the broader application of AI in the discovery of battery materials across the automotive landscape.

SES AI remains committed to revolutionizing the electric mobility sector by delivering cutting-edge Li-Metal battery solutions, thereby reshaping energy storage technology. As the company continues to foster partnerships, it positions itself at the forefront of innovation, driving advancements in battery performance and safety monitoring through superintelligent AI.

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