Mark Shooter

Winnie Dong

Derek Soderberg

John Marc Roy

John Roy

Shawn Severson

Winnie Yan Dong

Yan Dong

- **SES AI** has signed a **term sheet** to establish a **joint venture** with **Hisun New Energy Materials Ltd. Co.**, a Texas-based electrolyte contract manufacturer.  **[1819142_5baeb1dfbd2f4bb9a5cbf27e297aeee2_0]** **[1819142_5baeb1dfbd2f4bb9a5cbf27e297aeee2_1]** 
- The joint venture, which will be **90% owned by SES AI**, aims to **commercially supply electrolyte materials** discovered by SES AI's Molecular Universe.  **[1819142_5baeb1dfbd2f4bb9a5cbf27e297aeee2_0]** 
- This collaboration is expected to generate a **new source of recurring revenue** for SES AI and will utilize Hisun's existing manufacturing capacity.  **[1819142_5baeb1dfbd2f4bb9a5cbf27e297aeee2_0]** 
- The execution of a binding definitive agreement for the joint venture is anticipated by the **end of October 2025**.  **[1819142_5baeb1dfbd2f4bb9a5cbf27e297aeee2_0]**

SES AI (SES)