SES Holdings

SES Holdings has entered into an A-sample joint development agreement with Honda to develop hybrid lithium-metal rechargeable batteries for electric vehicles. Honda also agreed to be the largest investor in SES's PIPE financing.

SES Holdings Pte. Ltd., a lithium-metal battery supplier for EVs, entered a definitive agreement to combine with SPAC Ivanhoe Capital Acquisition Corp. The deal values the combined company at approximately $3.6 billion and is expected to provide SES up to $476 million in gross proceeds.