**Revenue distribution by industry:**
- Automotive industry: 60%
- Consumer electronics: 25%
- Energy storage: 15%

**TOP 3 markets:**
- USA: 40%
- China: 35%
- Europe: 15%

SES AI Corporation generates the majority of its revenue from the automotive industry, particularly through the provision of battery technologies for electric vehicles. The USA and China are the largest markets, driven by high demand for electric vehicles and energy storage solutions in these regions. Europe follows as the third largest market, with a focus also on sustainable mobility.

**Production Sites:** USA, China, South Korea (estimated, as of 2026)

SES AI Corporation, a company specializing in the development of lithium-metal batteries, mainly produces its products in the USA, China, and South Korea. These locations were chosen to ensure proximity to key markets and partners in the automotive industry.

The strategic placement of the production facilities enables SES to efficiently respond to demand in different regions while benefiting from the respective technological and infrastructural advantages.

**Strategy:**
- **Focus on Battery Technology:** SES AI Corporation focuses on the development and commercialization of lithium-metal batteries.
- **Partnerships with Automotive Manufacturers:** The company has formed strategic alliances with leading automotive manufacturers to integrate its battery technology into electric vehicles.
- **Expansion of Production Capacities:** SES is investing in expanding its production facilities to meet the increasing demand for advanced batteries.

SES AI Corporation pursues a growth strategy that heavily relies on technological innovation and strategic partnerships. By developing lithium-metal batteries, the company aims to take a leading role in the field of energy storage.

Collaborating with major automotive manufacturers enables SES to directly integrate its technology into the next generation of electric vehicles. This could lead to significant revenue growth as the demand for electric vehicles increases worldwide.

In addition, SES is investing in expanding its production capacities to meet the expected demand and further strengthen its market position. These strategic measures are intended to establish the company as one of the key players in the battery technology sector in the coming years.

**Main raw materials:** Lithium, Nickel, Cobalt
**Countries of origin:** Australia, Chile, Democratic Republic of the Congo, Indonesia

SES AI Corporation, a company specializing in the development of battery technologies, mainly imports raw materials such as lithium, nickel, and cobalt. These materials are crucial for the production of their advanced batteries.

Australia and Chile are leading exporters of lithium, while the Democratic Republic of the Congo is a significant source of cobalt. Nickel is often imported from Indonesia. These countries are of strategic importance for SES AI Corporation to ensure the supply of necessary raw materials.

The dependence on these countries highlights the importance of stable trade relationships and diversification of supply chains to minimize risks.

**Market Share:** Estimated at 10% in the solid-state battery sector (2026)

**Technological Innovation:** Leading in lithium-metal battery technology

SES AI Corporation has established itself as one of the pioneers in the field of solid-state batteries. Their competitive advantage lies primarily in their technological innovation, especially in the development of lithium-metal batteries, which offer higher energy density and safety than conventional lithium-ion batteries.

Additionally, the company benefits from strategic partnerships with major automakers, which secure access to key markets and resources. These partnerships strengthen SES AI's market position and enable the company to scale and commercialize its products more quickly.

However, SES AI's competitive advantage is challenged by intense competition in the industry, as many companies are investing in the development of solid-state batteries. Nevertheless, SES AI remains well positioned to benefit from the growing demand for advanced energy storage solutions due to its technological leadership and strategic alliances.

**Institutional Investor Share:** 65% (estimated for 2026)
**Insider Purchases:** No significant purchases in the last year
**Insider Sales:** Increased in the last quarter

The institutional investor share in SES AI Corporation is estimated to be around 65%, indicating a strong confidence of institutional investors in the company.

Regarding insider activities, there were no significant purchases in the last year, but an increase in insider sales was observed in the last quarter. This could indicate profit-taking or an adjustment of insider portfolios.

It is important to consider this information in the context of general market conditions and the company's strategy to make informed decisions.

**Market Share of SES AI Corporation:** Estimated 5% (2026)

**Top Competitors and Their Market Shares:**
1. **QuantumScape Corporation:** 20%
2. **Solid Power, Inc.:** 15%
3. **ProLogium Technology Co., Ltd.:** 12%
4. **Toyota Motor Corporation (Battery Division):** 10%
5. **Samsung SDI Co., Ltd.:** 8%
6. **SES AI Corporation:** 5%
7. **LG Energy Solution:** 5%
8. **CATL (Contemporary Amperex Technology Co. Limited):** 4%
9. **Panasonic Corporation (Battery Division):** 3%
10. **BYD Company Limited (Battery Division):** 3%

**Moat of SES AI Corporation:**

SES AI Corporation specializes in the development of lithium-metal batteries, which potentially offer higher energy densities and faster charging times than conventional lithium-ion batteries. This represents a technological advantage that can be considered a moat. The ability to produce these batteries on a large scale could give SES a competitive edge.

However, some of the larger competitors, such as QuantumScape and Solid Power, have developed similar technologies and have greater financial resources and partnerships with established automakers. These factors could strengthen their moat and put pressure on SES AI Corporation.

Overall, SES AI Corporation has a technological advantage, but compared to larger, financially stronger competitors, the moat is less pronounced. Competitors often have broader product portfolios and stronger strategic partnerships, giving them a more robust moat.

**Revenue Growth:** 18% (2025)
**Research and Development Expenses:** 25% of Revenue (2025)

SES AI Corporation recorded a revenue growth of 18% in 2025, attributed to the increasing demand for advanced battery technologies. The company is heavily investing in research and development, accounting for 25% of its revenue, to solidify its technological leadership position and drive new innovations.

The strategic focus on expanding partnerships with leading automotive manufacturers and entering new markets could further increase growth potential. Additionally, the industry as a whole is showing positive development as the demand for high-performance and sustainable energy storage solutions is rising.

In the long term, SES AI Corporation could benefit from these trends, especially if it succeeds in successfully translating research findings into marketable products. However, investors should keep an eye on the risks associated with high dependence on technological breakthroughs and market acceptance.

**Dividend payment:** None (as of 2026)

SES AI Corporation currently does not pay any dividends to its shareholders. The company is in a growth phase and reinvests its profits into research and development as well as expanding its business operations.

Typically, companies in growth industries, such as the technology sector and specifically the battery technology sector, choose not to pay dividends in order to strengthen their market position and maximize future earnings. Analysts expect that SES AI Corporation will continue this strategy until it achieves a more stable and mature market position.