SES AI Corporation (NYSE:SES) Q3 2022 Earnings Conference Call November 9, 2022 5:00 PM ET

Company Participants

Eric Goldstein - VP, IR

Qichao Hu - Founder, Chairman & CEO

Jing Nealis - CFO

Conference Call Participants

Gabriel Daoud - Cowen

Winnie Dong - Deutsche Bank

Shawn Severson - Water Tower Research

Operator

Good afternoon. Thank you for attending today's SES AI Corp. Third Quarter '22 Earnings Conference Call. My name is Daniel, and I will be your moderator for today's call. [Operator Instructions].

I would now like to pass the conference over to our host, Eric Goldstein, Vice President of Investor Relations. Eric, please proceed.

Eric Goldstein

Thank you, operator. Hello, everyone, and welcome to our conference call covering our third quarter 2022 results and outlook for the year. Joining me today are Qichao Hu, Founder and Chief Executive Officer; and Jing Nealis, Chief Financial Officer. We issued our shareholder letter just after 4:00 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 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 details 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 the call over to Qichao.

Qichao Hu

Thanks, Eric. Good afternoon, everyone, and thanks for joining our third quarter conference call. As the leader in lithium-metal battery cell development, our organization continues to evolve and innovate in order to meet all the challenges that come with manufacturing large-format cells.

During the third quarter, we achieved several important milestones. First, our SES Korea pilot facility was completed, and its cell assembly line was ready to use in September, only 8 months after breaking ground on this greenfield facility in January. Since opening, SES Korea has already been able to produce about 100 of our large Apollo-based 50 and 100 amp-hour cells.