SES AI Corporation has announced progress in its transition from research and development to revenue-generating operations. The company has expanded its partnerships with automotive original equipment manufacturers (OEMs) for both Li-Metal and Li-ion electric vehicle $(EV)$ batteries, anticipating global EV battery shipment growth from 974 GWh in 2024 to 3,758 GWh by 2030. SES AI's new AI-enhanced electrolyte has led to a development contract with partners and potential inclusion in Li-ion programs. They have successfully completed significant safety tests for their Li-Metal cells, marking a step towards further development stages. Additionally, SES AI is entering the energy storage sector, which is projected to grow tenfold compared to the EV market. A memorandum of understanding with AISPEX marks its entry into this sector. The company reported a record $5.8 million in revenue for the first quarter of 2025, with expectations to reach $15-$25 million by the end of the year. An ongoing $30 million share repurchase program has also been announced. You can access the full presentation through the link below.