SES AI Corporation
SES AI Corp develops and manufactures AI-enhanced lithium-metal and lithium-ion rechargeable battery technologies and battery materials. Its business spans energy storage systems, drones, robotics, urban air mobility, electric vehicles, and related software through its Molecular Universe platform, with operations and facilities in the United States, China, and South Korea.
Tilikausi 2025 · muutos edellisvuodesta
Kehitys 2020–2025
Liiketoiminta
Osuus liikevaihdostaLi-metal and Li-ion cells sold for drones, robotics, UAM, EV and other applications.
Integrated storage systems and related hardware/software for residential and commercial use.
Electrolytes and other advanced materials developed and supplied for battery applications.
Customer-specific battery materials design and development services.
AI-based software access for material discovery, manufacturing, and battery safety.
Tuotteet
Raportoitu · osuus liikevaihdosta- Services64,7 %
- Products35,3 %
Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.
Asiakkaat
SES sells to OEMs and manufacturers that need high-performance batteries, materials, or development support for specific applications. Its end markets include automotive OEMs, drone and robotics makers, ESS customers, and partners in urban air mobility and other advanced mobility categories. The company also serves customers that want software-enabled battery health and safety management through Molecular Universe.
Buy battery cells and battery materials for vehicle programs and joint development.
Buy energy storage systems and battery health/safety software for stationary storage use cases.
Buy high energy- and power-density cells for lightweight, performance-sensitive applications.
Evaluate Li-metal and Li-ion technologies for future aircraft and mobility platforms.
Buy custom development services and materials discovery support tied to their specifications.
Strategia
SES is building a commercial battery platform around AI-assisted discovery, cell design, manufacturing, and safety monitoring. Its strategy centers on converting technical development into customer orders across ESS, mobility, and materials while using Molecular Universe to accelerate discovery and improve performance. The company also emphasizes scaling commercial operations and partnerships across its U.S. and Asia footprint.
Revenue depends on turning development programs into repeatable product shipments and system deployments.
AI is intended to speed material discovery, improve manufacturing quality, and strengthen battery safety monitoring.
Long-term scale depends on converting sampling and development activity into meaningful orders and programs.
Battery commercialization requires reliable production, logistics, and component sourcing across regions.
Maantiede
SES is headquartered in Woburn, Massachusetts and operates facilities in the United States, China, and South Korea. The U.S. site focuses on chemistry, materials, and algorithm research, while Shanghai and Shenzhen support supply chain, manufacturing, and ESS sales, and South Korea supports manufacturing development and regional partnerships. This footprint links R&D in the U.S. with manufacturing and customer-facing activity in Asia.
Riskit
SES faces technology adoption risk because customers may not accept its battery performance, safety, or cost profile at scale. It also depends on AI models, third-party manufacturing, and global supply chains, which create execution, cybersecurity, regulatory, and geopolitical exposure. As an early-stage battery company, it remains sensitive to financing needs, commercialization timing, and competitive pressure from larger incumbents and other battery developers.
- Commercialization and customer acceptance riskVaikutus: KorkeaTodennäköisyys: Korkea
Revenue depends on converting trials and development work into meaningful orders.
Kohdistuu - AI model and data riskVaikutus: KorkeaTodennäköisyys: Kohtalainen
The company uses AI across discovery, manufacturing, and safety monitoring, so flawed outputs could harm products and reputation.
Kohdistuu - Cybersecurity riskVaikutus: KorkeaTodennäköisyys: Kohtalainen
A breach could affect partners, suppliers, customer trust, and product operations.
Kohdistuu - Competitive intensityVaikutus: KeskitasoTodennäköisyys: Korkea
The battery market includes large incumbents and emerging entrants with greater resources and OEM relationships.
Kohdistuu - Regulatory and compliance riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen
Battery transport, safety, environmental, export control, and trade rules can restrict sales and operations.
Kohdistuu
Kirjanpito
Harkinnanvaraiset erätThe company earns revenue from ESS shipments and customer-specific development services, which may be recognized at different times.
Vaikutus: Affects quarterly revenue timing and comparability
The company leases facilities in the U.S., China, and South Korea, creating right-of-use assets and lease liabilities.
Vaikutus: Affects balance sheet leverage and operating expense presentation
The company holds marketable debt and equity securities that may require mark-to-market accounting.
Vaikutus: Can create volatility in other income and equity
Battery development assets, equipment, and any acquired intangibles require judgment about recoverability.
Vaikutus: Could lead to write-downs if commercialization lags
Samankaltaisia listattuja yhtiöitä
Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.
ESS Tech, Inc.
GWHT · Miscellaneous Electrical Machinery, Equipment & Supplies
Enovix Corp
ENVX · Miscellaneous Electrical Machinery, Equipment & Supplies
Enovix Corp designs and manufactures advanced lithium-ion batteries and battery packs built around its silicon-anode architecture.
Elong Power Holding Ltd.
ELPW · Miscellaneous Electrical Machinery, Equipment & Supplies
Ses S.A.
SGBAF · Communications Services, NEC
QuantumScape Corp
QS · Miscellaneous Electrical Machinery, Equipment & Supplies
QuantumScape Corp develops solid-state lithium-metal battery technology for electric vehicles and other advanced applications.
Amprius Technologies, Inc.
AMPX · Miscellaneous Electrical Machinery, Equipment & Supplies
Päivitetty: 24.9.2026