SES AI Corporation announced on October 17, 2024, the promotion of Dr. Kang Xu, previously Chief Scientist, to Chief Technology Officer (CTO), effective immediately. Dr. Xu will now lead the company's comprehensive AI efforts, leveraging his nearly 30 years of experience in battery electrolyte development.
Concurrently, SES AI signed its first commercial agreement with a leading global electrolyte producer. This partnership will utilize AI to accelerate the development of Li-Metal and Li-ion electrolytes across four key applications: electric vehicles (EV), heavy-duty trucking, consumer electronics, and grid storage.
This agreement marks a significant step towards SES AI's vision of becoming a global battery material discovery leader, with the global battery electrolyte market projected to reach $25 billion by 2030. The company expects this application of AI to revolutionize the market and enable new applications for electric mobility.
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