Lithium metal battery manufacturer SES listed: claimed to do ningde era is PPT concept

2022-05-21 0 By

SES, a lithium metal battery manufacturer, has completed a merger with special purpose company Ivanhoe Capital Acquisition Corp to achieve a curve listing.The new company will be listed on the New York Stock Exchange under the tickers “SES” and “SES WS.”With an equity value of more than $3 billion, the combined company’s balance sheet will generate more than $480 million in cash.With the listing, the new company claims to be the world’s first hybrid lithium-metal battery.The transaction is based on the $275 million PIPE offering of common stock by Honda Motor Co., LTD., General Motors, Hyundai Motor Company, Geely, Kia, SAIC, Koch Strategic Platforms, LG Technology Ventures, Foxconn and other major investors.”Ten years ago, we were spun out of MIT as a startup.Today, we celebrate an important milestone in the development of SES.We have received investment from six major automotive companies and have reached joint development agreements with three of them for lithium metal battery A sample.Mr Hu added: “The merger and listing raise funds to create a better platform for the next stage of r&d and production planning to bring the next generation of battery technology to ev manufacturers.”However, the industrialisation of SES has yet to be promoted, and the product’s official debut is still several years away.Hu Qichao once said that SES hybrid lithium metal battery is in the industrialization stage of intensive preparation, has confirmed the joint development of A sample and product introduction in gm and Hyundai, is expected to achieve mass production in 2025.SES, founded in 2012, is a developer and manufacturer of high-performance lithium metal batteries for automotive and transportation applications. Formerly known as SolidEnergy Systems, SES currently operates in Boston, Shanghai and Seoul.SES founder Hu Qichao is a graduate of Massachusetts Institute of Technology and Harvard University.When dozens of US battery companies went bust in 2015, Mr Hu put up his own money to subsidise the company and kept seeing investors through the storm.SES claims to develop a hybrid lithium metal battery with three advantages: first, the material innovation of lithium metal anode enables the battery energy density to reach 400-500Wh/kg, far higher than the current mainstream lithium iron phosphate and terpolymer lithium battery energy density.The second is electrolyte. SES is committed to developing the electrolyte of the next generation of high energy density lithium battery, which fundamentally changes the growth mode of lithium dendrite and improves battery safety.The third is the algorithm.Artificial intelligence is used to monitor the health status of the cell in the whole process of production and operation, and a large number of detailed data are used to establish a model to accurately predict the risk.In November 2021, SES announced the construction of a 30,000 SQM 1GWh gigafactory in Shanghai (expected to be completed in 2023) and demonstrated over 100 Ah lithium metal batteries.In April 2021, SES announced a $139 million Series D round led by General Motors (GM)Xiangfeng Investment, SAIC, SK Group, Temasek, Applied Ventures, LLC, Tianqi Lithium and other investment institutions followed.SES’s investors include Geely Holding, General Motors, Honda Motor co., Hyundai Motor and Kia Motors, SAIC Motor, Foxconn and others.Among institutional investors, SK holds 12.9%, the largest shareholder of SES, Temasek holds 10.6%, GENERAL Motors holds 10.1%, Xiangfeng Capital holds 9.9%, tianqi Lithium holds 9.34%.On the day of SES’s listing, many media touted the new rival of Ningde Times, claiming that SES would become the next Ningde era.The dilemma for SES, however, is that not all of the SPV listings are Rivian, Lucid or Nikola, and more of them have weak businesses and valuations, which means that it remains a big question mark whether SES can survive the $3.6bn.In addition, SES has been burning money for ten years and has no products on the market. That is to say, it is still at the stage of developing concepts in PPT, even less than FF.Jia Yueting, the founder of FF, at least drove his own car to the NASDAQ.And among these institutions, Xiangfeng Investment touted SES the most vigorously, claiming that the book investment return 100 times, really want to exit, how many gains have to say another.LG New Energy is the biggest rival of The Ningde Era. Currently, the king in the field of car battery is Ningde Era.Ningde Times’ revenue in the first three quarters of 2021 was 73.362 billion yuan, an increase of 132.73% over the same period last year.Net profit was 7.75 billion yuan, up 130.9% from a year earlier;Net profit after deduction was $6.6 billion, up 157.21% from a year earlier.Ningde Times in the third quarter of 2021 revenue of 29.287 billion, an increase of 130.73% over the same period last year;Net profit was 3.267 billion yuan, up 130.16% from a year earlier;Net profit after non-deduction amounted to 2.685 billion yuan, up 125.49% from a year earlier.Compared with SES’s success, LG New Energy, South Korea’s biggest power battery manufacturer, is the real representative of strength, and the biggest rival of ning De era.LG New Energy recently listed on the Korea Exchange, raising about 68.3 billion yuan ($10.7 billion).LG New Energy is also the biggest IPO in South Korea in recent years and the second largest globally in nearly a year, after Rivian, an electric-car company.LG New Energy’s shares rose as much as 99% after the initial public offering, giving it a market value of more than $100 billion.LG New Energy is second only to Samsung Electronics in South Korea’s list of listed companies by market capitalization.LG’s new Energy business covers all major Car companies in Europe, including Tesla and Geely.LG New Energy reported revenue of 10.5 billion US dollars (about 66.5 billion yuan) in 2020, and net profit of 4.6 billion yuan by the third quarter of 2021.LG New Energy’s biggest competitor is China’s Ningde Times.Kwon Young-soo, CHIEF executive of LG New Energy, previously said the future would go beyond the Ningdeok era.Therefore, enterprises like SES should be more down-to-earth, do business earnestly, brag less and make more efforts to catch up.The following is SES road show PPT (edited and processed by Lei Di network) : ——————————————— Lei Di was founded by lei Jianping, a senior media person. 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