SES AI Corporation (SES) & Top Material to Expand Cell Manufacturing Capacity in Korea

Core Insights - SES AI Corporation is recognized as one of the top electric vehicle (EV) battery stocks to consider for investment [1] Group 1: Business Developments - SES AI Corporation has partnered with Top Material to enhance battery cell manufacturing capacity in Korea, focusing on applications for drones and urban air transportation [2] - This partnership is aimed at ensuring compliance with the US National Defense Authorization Act and is based on a non-binding agreement, with a definitive agreement anticipated in Q1 2026 [2] Group 2: Financial Performance - For the latest quarter, SES AI Corporation reported revenues of $7.1 million, an increase of $3.6 million from the previous quarter, achieving a gross margin of 51% [3] - The company utilized $14.3 million in operating cash and reported a GAAP net loss of $20.9 million, equating to $(0.06) per share [3] - At the end of the quarter, liquidity stood at $214 million, and the revenue forecast for the entire year 2025 has been revised to a range of $20 million to $25 million [3] Group 3: Product and Market Focus - SES AI Corporation specializes in the development and manufacturing of high-performance, AI-enhanced lithium-metal and lithium-ion rechargeable battery technologies [4] - These technologies are applicable in various sectors, including electric vehicles, urban air mobility, drones, robotics, and battery energy storage systems [4]