SES AI Corporation (NYSE:SES) Q2 2024 Earnings Conference Call July 29, 2024 5:00 PM ET
Company Participants
Kyle Pilkington - Chief Legal Officer
Qichao Hu - Chairman & Chief Executive Officer
Jing Nealis - CFO
Conference Call Participants
Mark Shooter - William Blair & Company
Shawn Severson - Water Tower Research
Operator
Good afternoon. Thank you for attending today's SES AI Second Quarter 2024 Business and Financial Results. My name is Cole, and I'll be the moderator for today's call. [Operator Instructions].
I'd now like to pass it over to Kyle Pilkington. Please go ahead.
Kyle Pilkington
Hello, everyone, and welcome to our conference call covering our second-quarter 2024 results. Joining me today are Qichao Hu, Founder, Chairman, and Chief Executive Officer; and Jing Nealis, Chief Financial Officer.
We issued our shareholder letter after market close 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 and 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
Good afternoon, and thank you for joining us on our second-quarter earnings call. I want to talk about the seismic shift across any industry by generative AI and large language models, LLM. AI represents a pivotal development of this decade. This transformative technology is set to disrupt industries from those seeking the next innovation S-curve to those grappling with shrinking margins.
The fact is, today's EV battery market is completely different from that of three years ago or even just one year ago. The incumbent battery players now dominate the global market. The next-generation battery companies must deliver something completely different in light years ahead to become relevant. We cannot compete on their terms.