SES AI Reports Third Quarter 2024 Earnings; Outlines Commercialization Progress
1. SES AI achieved milestones in revenue pipeline for UAM and drones. 2. Passed EV safety tests for 100Ah Li-Metal cells, crucial for production. 3. Lowered full-year cash usage guidance to $80-$95 million for 2024. 4. AI technology is expected to accelerate battery material discovery revenue.