SES Reports Third Quarter 2023 Financial Results

SES AI Corporation (NYSE: SES), headquartered in Boston, a global leader in the development and manufacturing of high-performance lithium-metal (Li-Metal) rechargeable batteries for electric vehicles (EVs) and other applications, today announced its business and financial results for the third- quarter of 2023, which ended September 30.

The Company posted a Letter to Our Shareholders on its Investor Relations website from Founder and CEO Dr. Qichao Hu and Chief Financial Officer, Jing Nealis, that provides a business update and details its third-quarter financial results.

“Earlier this year, we laid out the goal to transition to B samples, and I’m happy to report, we are almost there. This would be the world’s first automotive B-sample for Li-Metal and would be a major milestone for SES,” said Founder and Chief Executive Officer Qichao Hu. “We have recently achieved some significant fundamental breakthroughs in materials and engineering that address the inherent safety issues in both Li-ion and Li-Metal batteries.”

SES will host a live conference call at 8:30 a.m. EDT that will be available through its Investor Relations website, investors.ses.ai. The following link can be used to register for the call: earnings call webcast.

The conference call can also be accessed live over the phone by dialing the following numbers:

United States (Toll Free):				1 [phone]
All other locations:				1 [phone]
Access Code:				373997

A webcast replay of the conference call will be available approximately two hours after the event is over at investors.ses.ai/events-and presentations/events/default.aspx.

About SES

SES is a global leader in development and production of high-performance Li-Metal rechargeable batteries for EVs and other applications. Founded in 2012, SES is an integrated Li-Metal battery manufacturer with strong capabilities in material, cell, module, AI-powered safety algorithms and recycling. Formerly known as SolidEnergy Systems, SES is headquartered in Boston and has operations in Singapore, Shanghai, and Seoul.