Amprius Technologies Boosts SiCore Battery Production with New South Korean Manufacturing Partnership

Amprius Technologies Inc. (NYSE:AMPX) is one of the best young stocks to buy and hold for 5 years. As May was ending, Amprius Technologies announced a new strategic contract manufacturing agreement with a prominent battery manufacturer in South Korea.

The partnership expands Amprius’ global production footprint and enhances its capacity to deliver high-performance SiCore cells at scale. Initial production will focus on a balanced SiCore cell.

Amprius Technologies Boosts SiCore Battery Production with New South Korean Manufacturing Partnership.

A close-up of a lithium-ion battery surrounded by a network of silicon nanowires.

The Korean facility will manufacture SiCore silicon anode cells according to Amprius’ precise specifications. The new manufacturing partnership adds to Amprius’ existing contracted production capacity of over 1.8 GWh.

Amprius Technologies Inc. (NYSE:AMPX) develops, manufactures, and markets lithium-ion batteries for mobility applications.

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Disclosure: None. This article is originally published at Insider Monkey.