Boston-based SES AI Corporation, a developer of high-performance lithium-metal (Li-Metal) rechargeable batteries for electric vehicles and other applications, has incorporated its subsidiary SES Korea and plans to build a pre-production facility in South Korea.
It’s all about speed and winning the race. Momentum is building as additional auto OEMs want to establish arrangements for the joint development of A-sample batteries with SES. Having SES Boston, Shanghai Giga, and now SES Korea gives us access to deep talent pools and the highly efficient ecosystems in South Korea and China, the two industry powerhouses, as well as unparalleled chemistry and software capabilities in the United States. We also believe that the cash raised by our recent business combination with Ivanhoe Capital Acquisition Corp. and our listing on the New York Stock Exchange will help us to accelerate…