In addition, the company anticipates that its liquidity as of March 31 should be approximately $240M with no debt outstanding. Qichao Hu, Founder and CEO of SES AI (SES), noted, “We are on pace with our revenue projections for the year with the contracts in hand for AI-enhanced EV battery development and initial sales of our AI-enhanced 2170 battery cells generating revenue in the first quarter of 2025. We anticipate contributions from our agreements in the Battery Energy Storage Systems (BESS) sector and our upcoming launch of a Molecular Universe toolkit to add to this early momentum.”
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