SES AI Corporation to Form Joint Venture with Hisun New Energy Materials to Commercialize AI-Discovered Electrolyte Materials
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SES AI Corporation has signed a term sheet to form a joint venture with Hisun New Energy Materials, with SES AI holding 90% ownership. The venture aims to commercialize electrolyte materials discovered through SES AI’s Molecular Universe platform, utilizing Hisun’s manufacturing capabilities. This collaboration targets applications in electric vehicles, drones, robotics, and energy storage systems, potentially generating recurring revenue for SES AI. The definitive agreement is expected to be executed by the end of the month.
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