SES AI Expands in South Korea

  • SES AI Corp SES has incorporated its subsidiary SES Korea and plans to build a pre-production facility in South Korea. 
  • SES Korea will be SES's second major operation outside of the United States, after SES Shanghai.
  • SES Korea expects to have approximately 50 employees by the end of 2022.
  • SES Korea and SES Shanghai Giga will focus on different aspects of supply chain development and different A-sample joint development with auto OEMs.
  • “Having SES Boston, Shanghai Giga, and now SES Korea gives us access to deep talent pools and the highly efficient ecosystems in South Korea and China,” said CEO Qichao Hu.
  • Price Action: SES shares closed higher by 1.82% at $5.59 on Thursday.
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