SES AI Corporation (NYSE:SES) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET

Company Participants

Eric Goldstein - VP of IR

Qichao Hu - Founder, Chairman & CEO

Jing Nealis - CFO

Conference Call Participants

Shawn Severson - Water Tower Research

Operator

Good afternoon, all. I would like to welcome you all to the SES AI Corporation Second Quarter Earnings Call. My name is Rica, and I will be the moderator operating today's conference call. [Operator Instructions]

And I would now like to hand you over to your host, Eric Goldstein, VP of Investor Relations. Sir, please go ahead when you are ready.

Eric Goldstein

Thank you, operator. Hello, everyone, and welcome to our conference call covering our second quarter 2023 results and financial guidance for 2023. Joining me today are Qichao Hu, Founder and Chief Executive Officer; and Jing Nealis, Chief Financial Officer.

We issued our shareholder letter just after 4 p.m. today, which provides a business update as well as our financial results. You'll find a press release with a link to our shareholder letter and today's conference call webcast in the Investor Relations section of our website at ses.ai.

Before we get started, this is a reminder that the discussion today may contain forward-looking information or forward-looking statements within the meaning of applicable securities legislation. These statements are based on our predictions and expectations as of today. Such statements involve certain risks, assumptions and uncertainties, which may cause our actual or future results and performance to be materially different from those expressed or implied in these statements. The risks and uncertainties that could cause our results to differ materially from our current expectations include, but are not limited to, those detailed in our latest earnings release and in our SEC filings. This afternoon, we will review our business as well as results for the quarter.

With that, I'll pass it over to Qichao.

Qichao Hu

Thanks, Eric. As everyone, I'm sure, is aware by now, in 2021, we became the world's first company to enter automotive A-sample with lithium metal batteries. And we did so with 3 OEMs, GM, Honda and Hyundai. Earlier this year, we laid out the goal to transition to B-sample, and I'm happy to report we are making really exciting progress.

We continue to push forward with high-energy densities at a wide range of temperature and power requirements enabled by our unique lithium metal battery technology and Avatar system. Although we have a ways to go before full commercialization, we're getting closer to making the leap from automotive A-sample to being the first supplier of lithium batteries in the automotive B-sample stage.