SES AI Corporation announced today that it has signed a term sheet to establish a joint venture with Hisun New Energy Materials Ltd. Co., a Texas‑based electrolyte contract manufacturer. The joint venture will be 90% owned by SES AI and is intended to commercialize electrolyte materials discovered by SES AI’s Molecular Universe platform, providing a new source of recurring revenue while maintaining a cap‑ex‑light business model.
The partnership will leverage Hisun’s existing manufacturing capacity to produce and supply the AI‑discovered electrolytes on a commercial scale. By outsourcing production to Hisun, SES AI can accelerate market entry for its advanced battery materials without the need for significant capital investment in new facilities.
This joint venture expands SES AI’s material supply chain and supports its AI‑first strategy across multiple markets—including energy storage systems, data centers, drones, robotics, electric vehicles, and eVTOL applications. The term sheet is expected to be followed by a binding definitive agreement by the end of the month, after which the JV will begin operations and begin generating revenue from the supplied materials.
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