SES AI Stock Surges 22% on Strategic Acquisition of China’s UZ Energy

SES AI's shares skyrocketed nearly 22% Thursday following the completion of its $25.5 million acquisition of China-based UZ Energy, a specialist in energy storage systems (ESS). The deal positions the next-generation battery developer to capitalize on the global ESS market, estimated at $300 billion.

The acquisition grants SES AI immediate access to UZ Energy's industrial and commercial client base, including over 500 megawatt-hours of deployed storage capacity. CEO Qichao Hu emphasized the strategic value: "This accelerates our growth by leveraging UZ's marketing team and hardware platform to expand in key markets like the U.S."

Data centers emerge as a prime target for the combined entity, with energy storage becoming critical for power-intensive computing infrastructure. The market responded emphatically, sending SES AI's gains 44x higher than the broader index's 0.5% uptick.