SES AI Corporation Summary

Overview: SES AI Corporation is a technology company focused on developing advanced battery and energy storage solutions. The company's leadership is composed of experts in battery technology, engineering, and venture capital, indicating a strong emphasis on innovation and research in energy storage.

Business Focus:

• Development of lithium-ion batteries and related energy storage technology.
• Collaboration with major industry partners such as General Motors for joint development projects.
• Marketing and commercialization of battery components, including electrolyte materials and cell development.

Employees:

• The company has at least 10 key executives and directors, including a CEO, CFO, Chief Science Officer, and CTO.
• The total number of employees is not explicitly provided.

Customers:

• The specific number of customers is not disclosed.
• The company has ongoing collaborations with automotive and OEM partners, likely including industry leaders such as GM, to develop battery solutions.

Revenue and Income:

• The filing indicates the company had audit fees of approximately $1,022,906 in 2024, but does not specify total revenue or net income.
• No specific revenue figures or profitability data are provided.

Key Executives:

• Dr. Qichao Hu: CEO and Chairman, founding figure, with notable recognition in physics and technology innovation.
• Jing Nealis: CFO, with prior experience at energy and technology companies.
• Dr. Hong Gan: Chief Science Officer, with extensive research background in chemistry and battery materials.
• The company also has a Chief Manufacturing Officer and a CTO with significant industry experience.

Financial Position:

• As of June 28, 2024, the company’s market value was approximately $392.0 million, based on a closing stock price of $1.25 on NYSE.
• Shares outstanding include 320,778,608 Class A shares and 43,881,251 Class B shares as of February 25, 2025.

Other Details:

• The company is classified as a "smaller reporting company" and a controlled company due to majority ownership by its CEO and affiliates, which affects some governance requirements.
• The company is actively issuing stock options, RSUs, and PSUs to executives and directors as part of compensation and retention strategies.
• The company has ongoing development projects, including joint ventures and collaborations with GM for battery prototyping and manufacturing.

Note: No specific quantitative data on overall revenue, net income, total employees, or number of customers is provided in this filing excerpt. The document primarily details governance, executive compensation, and related-party transactions.