SES AI Corporation to Form Joint Venture with Hisun New Energy Materials to Commercialize AI-Discovered Electrolyte Materials
Reuters
Oct 14
SES AI Corporation to Form Joint Venture with Hisun New Energy Materials to Commercialize AI-Discovered Electrolyte Materials
SES AI Corporation has announced the signing of a term sheet to establish a joint venture with Hisun New Energy Materials Ltd. Co., a Texas-based electrolyte contract manufacturer. The new entity, which will be 90% owned by SES AI, aims to commercially supply electrolyte materials discovered using SES AI's Molecular Universe platform. This collaboration will leverage Hisun's existing manufacturing capabilities to accelerate the commercial supply of advanced electrolyte materials for various applications, including electric vehicles, drones, robotics, and energy storage systems. The joint venture is expected to become a new source of recurring revenue for SES AI and is pending the execution of a definitive agreement by the end of the month.
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