- SES, which has two plants in the United States and China, uses lithium-based technology to make batteries that are lighter, cheaper, and – crucially – cram in greater amounts of energy.
- Investors face a credibility-sapping wait for sales to take off, let alone profits: SES’s production will only ramp up in earnest in 2025.
- Investors should thus apply a dollop of salt to its projections of $5.7 billion of revenue by 2027 – and even more to its dreams of a peer-beating 28% EBITDA margin.
For further details see:
Car-Battery SPAC Deal Is Joyride At Electric Price