SES AI Corporation (“SES AI,” the “Company,” “we” or “us”) (NYSE: SES), a global leader in the development and manufacturing of AI-enhanced high-performance Li-Metal and Li-ion batteries, today announced that it has completed the ramp up of its drone battery plant in Chungju, Korea, to an annual production capacity of one million NDAA-compliant cells. Driven by stronger than expected customer demand, the Company plans to immediately begin expanding the plant further, to three million NDAA-compliant cells per year by the second quarter of 2027.
SES AI owns and operates the Chungju facility, which has produced NDAA-compliant cells since 2021. The total capacity will primarily cover high-silicon Li-ion cells and anode-free Li-Metal cells, with cell sizes ranging from 6Ah to 30Ah.
Qichao Hu, Founder and CEO of SES AI, commented, “Completing the ramp-up of our Chungju plant to an annual capacity of one million NDAA-compliant cells is a key milestone for our drone business. Customer demand has been stronger than we expected, and several leading drone OEMs and pack makers are conducting ongoing quality audits of our cells. This strong demand is the sole reason we are moving immediately to expand Chungju’s annual capacity to three million cells, with completion targeted for the second quarter of 2027.”
“Scaling our drone battery business is our top priority. With our own manufacturing capacity, drone OEMs and pack makers can audit and qualify our cells directly at the source as they establish NDAA-compliant supply chains. We look forward to sharing updates on customer progress in the months ahead,” Hu added.
About SES AI:
SES AI Corp. (NYSE: SES) is powering the future of global electric transportation on land and in the air with the world’s most advanced Li-Metal batteries. SES AI is the first battery company in the world to accelerate its pace of innovation by utilizing superintelligent AI across the spectrum of its business, from research and development; materials sourcing; cell design; engineering and manufacturing; to battery health and safety monitoring. Founded in 2012, SES AI is an Li-Metal battery developer and manufacturer headquartered in Boston and with operations in Singapore, Shanghai, and Seoul. Learn more at SES.AI.
SES AI may use its website as a distribution channel of material company information. Financial and other important information regarding SES AI is routinely posted on and accessible through the Company’s website at www.ses.ai. Accordingly, investors should monitor this channel, in addition to following SES AI’s press releases, Securities and Exchange Commission filings and public conference calls and webcasts.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, about us and our industry that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “will,” “goal,” “prioritize,” “plan,” “target,” “expect,” “focus,” “look forward,” “opportunity,” “believe,” “estimate,” “continue,” “anticipate,” “project” and “pursue” or the negative of these terms or similar expressions.
These statements are based on the beliefs and assumptions of the management of the Company. You should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, it cannot provide assurance that it will achieve or realize these plans, intentions or expectations. Should one or more of a number of known and unknown risks and uncertainties materialize, or should any of our assumptions prove incorrect, our actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include, but are not limited to, risks related to the development and commercialization of SES AI’s battery technologies; customer demand for drone batteries; the Company’s ability to increase and maintain manufacturing capacity and achieve expected production capacity thresholds and maintain quality standards; the timing, qualification, and anticipated benefits of expanding manufacturing capacity at our drone battery plant in Chungju, South Korea; our ability to maintain NDAA compliance; availability and qualification of raw materials, components and suppliers; compliance with applicable sourcing and regulatory requirements; changes in federal defense spending, budget timelines or government enforcement priorities impacting demand for NDAA-compliant drone cells; supply-chain disruptions; competition; and other risks described in SES AI’s filings with the Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied.
Forward-looking statements speak only as of the date of this release and subsequent events may cause these expectations to change. SES AI disclaims any obligation to update or alter such forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20261019058459/en/
Media gallery
