SES AI Ramps Up Production at South Korean Drone Battery Plant

MT Newswires Live10-19

SES AI (SES) said Monday that it has ramped up production at its drone battery plant in Chungju, South Korea, to one million cells per annum.

These drone cells comply with the United States' National Defense Authorization Act, or NDAA, the company said.

The company said it plans to expand capacity further to three million NDAA-compliant cells per annum by Q2 2027 to meet higher demand.

Shares of SES AI were up 3.3% in Monday's premarket activity.

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