Battery startup SES debuts on NYSE

SES, a lithium-metal battery startup backed by leading carmakers including Honda, Hyundai, SAIC and GM, started trading on the New York Stock Exchange on Feb. 4. Founded in Boston and formerly known as SolidEnergy, SES is a 10-year-old battery startup that develops rechargeable lithium-metal batteries with double the energy density of current lithium-ion counterparts. SES said it was working with Honda, Hyundai, and GM to deliver practical automotive samples powered by lithium-metal batteries by the end of 2022 and aimed to start prod

uction of such vehicles by mid-decade. The company is building a gigafactory in Shangh

ai that began sample production in 2021 and is set to produce 1 GWh annually by 2023. The battery developer is also putting up a smaller facility outside Seoul.

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