Battery startup SES, which is backed by GM and Hyundai, says it will build the world’s first lithium metal battery factory in Shanghai.
The company, which is set to list on the New York stock exchange via a reverse merger, said the 300,000 square foot factory would produce over 1 gigawatt-hours (GWh) of batteries in 2023.
“There is a global race to put next generation lithium metal inside a car,” SES founder Qichao Hu, said.
SES has developed what it calls a “hybrid lithium metal battery” that uses a conventional liquid electrolyte paired with a lithium metal . . .