US Stock Market Move | "SES AI Corp (SES.US) gains over 60% with a $10 million artificial intelligence battery contract"

23:16 23/01/2025

On Thursday, SES AI Corp (SES.US) saw a surge of over 60% in trading, reaching $1.35 USD.

On Thursday, SES AI Corp (SES.US) surged over 60% intraday, reaching $1.35. On the news front, SES AI has signed contracts worth up to $10 million with two renowned global OEM partners, marking a milestone in using artificial intelligence to discover battery materials. These agreements are aimed at developing electrolyte materials for lithium metal and lithium-ion batteries in automotive applications. SES AI stated that a portion of the revenue from these contracts will be recognized in the fourth quarter of 2024, with the remainder expected to be recognized before mid-2025.

HK Stock Market Move | Jiumaojiu (09922) fell more than 7% hitting a new low on the stock market. The recovery pace of same-store sales is slow, with major brands still under pressure in the third quarter.

HK Stock Market Move | CHINA LIT (00772) rises by more than 4% again; company increases investment in comic drama creation. Institutions point to bright commercial prospects for the comic drama industry chain.

HK Stock Market Move | BUD APAC (01876) falls more than 5% in the afternoon, with revenue declining by 6.6% in the first three quarters and net profit decreasing by nearly 20% year-on-year.