SES AI, Hyundai Motor and Kia Agree to Enter the Next Phase of Their Joint Development Contract
SES AI Corporation (“SES AI”) (NYSE: SES), a global leader in the development and manufacturing of high-performance Li-Metal batteries, today announced that it signed an agreement to enter the next phase of its existing joint development agreement (“JDA”) with Hyundai Motor Company (‘’Hyundai Motor’’) and Kia Corporation (“Kia”) to start developing B samples.
- SES AI Corporation (“SES AI”) (NYSE: SES), a global leader in the development and manufacturing of high-performance Li-Metal batteries, today announced that it signed an agreement to enter the next phase of its existing joint development agreement (“JDA”) with Hyundai Motor Company (‘’Hyundai Motor’’) and Kia Corporation (“Kia”) to start developing B samples.
- This collaboration is the first of its kind in the Li-Metal battery industry and represents an important milestone in achieving commercial production.
- The expansion of the relationship with Hyundai Motor and Kia means that SES AI is the first Li-Metal battery company in the world to have two B-sample development JDAs underway.
- Based in the Boston suburb of Woburn, Massachusetts with operations in Shanghai and Seoul, SES AI is backed by Hyundai Motor and Kia, General Motors Co., and Honda Motor Co.