SES AI Corporation (SES) & Top Material to Expand Cell Manufacturing Capacity in Korea

SES AI Corporation (NYSE:SES) is among the 7 Best EV Battery Stocks to Buy Now.

SES AI Corporation (NYSE:SES) and Top Material announced plans to work together to increase battery cell manufacturing capacity in Korea for drones and urban air transportation applications, according to a report published in TheFly on December 18, 2025. This partnership aims to promote compliance with the US National Defense Authorization Act. It is based on a non-binding agreement, with a definitive agreement expected in Q1 2026.

SES AI Corporation (NYSE:SES) reported $7.1 million in revenue for the latest quarter, up $3.6 million from the previous quarter, with a 51% gross margin. The corporation utilized $14.3 million in operating cash and reported a GAAP net loss of $20.9 million, or $(0.06) per share. Liquidity at the end of the quarter was $214 million. The company introduced the MU-1 Molecular Universe platform, formed a joint venture with Hisun New Materials, and successfully acquired UZ Energy to enter the energy storage systems market. The revenue forecast for the entire year 2025 was revised to $20 million to $25 million.

SES AI Corporation (NYSE:SES) is a developer and manufacturer of high-performance, AI-enhanced lithium-metal and lithium-ion rechargeable battery technology. These are used for electric vehicles, urban air mobility, drones, robotics, and battery energy storage systems.

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Disclosure: None. This article is originally published at Insider Monkey.