SES Holdings Pte. Ltd. has announced its inaugural Battery World virtual events for introducing its hybrid lithium-metal (Li-Metal) batteries for electric vehicles (EVs). The events will take place in the U.S. on November 3, 2021, followed by sessions in South Korea and China on November 4, 2021. Dr. Qichao Hu, SES's CEO, will present major advancements in battery technology. Following the U.S. event, attendees will participate in a Q&A session. SES plans to list on the NYSE through a merger with Ivanhoe Capital Acquisition Corp (IVAN), rebranding under the new ticker symbol SES.
SES Holdings Pte. Ltd. has launched the world’s first pilot production line for high-concentration, solvent-in-salt electrolyte production, specifically for its hybrid lithium-metal batteries aimed at electric vehicles. This Shanghai facility can produce 5 tons of electrolyte per year, with potential expansion to 250 tons. SES’s technology promises high energy density, safety, and enhanced cycle life. The company has also signed joint development agreements with General Motors and Hyundai, positioning itself as a leader in the battery market. The SPAC merger with Ivanhoe Capital is set to create a publicly traded hybrid battery company.
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SES Holdings Pte. Ltd., a leader in hybrid Lithium-Metal batteries for electric vehicles, announced that President Rohit Makharia will join a virtual panel on Zero-Emission Transport at the Raymond James 2021 Diversified Industrials Conference on August 25. SES is merging with Ivanhoe Capital Acquisition Corp. (NYSE: IVAN) through a business combination agreement, positioning SES as a wholly-owned subsidiary. Founded in 2012, SES specializes in high-performance Li-Metal batteries and aims to revolutionize electric mobility.
SES Holdings Pte. Ltd. has announced a definitive agreement for a business combination with Ivanhoe Capital Acquisition Corp. (NYSE: IVAN), creating the first publicly-traded hybrid Li-Metal battery company. The transaction values the combined company at an implied $3.6 billion, with expected gross proceeds of $476 million, potentially giving SES over $600 million for future growth. Supported by major investors including General Motors and Hyundai, this partnership aims to accelerate the commercialization of high-performance batteries for electric vehicles.