SES AI Corporation Announces $5M Expansion Plan for NDAA-Compliant Drone Battery Cells
SES AI Corporation (SES) has announced a staged $5 million expansion plan aimed at producing 3 million NDAA-compliant drone battery cells annually by the second quarter of 2027. During its Q3 2026 earnings call, CEO Qichao Hu confirmed that the company successfully met three prior-quarter commitments, specifically noting the completion of a production ramp-up that is now delivering cells to customers. The company reiterated its revenue guidance for 2026, projecting between $30 million and $35 million. This expansion into specialized drone battery technology represents a strategic move to capitalize on defense-compliant energy storage requirements while maintaining steady growth toward its mid-term financial targets.
Tickers: $SES
Topics: battery cells earnings call operational milestones production ramp-up