Amprius Signs 5-Year LOI With Fortune Global 500 Leader In Light Electric Vehicles; SiCore Cells To Boost LEV Range By 25% With Potential Multi-GWh Agreement
Portfolio Pulse from Benzinga Newsdesk
Amprius Technologies has signed a 5-year non-binding LOI with a Fortune Global 500 company to develop high-energy SiCore™ cells for Light Electric Vehicles, potentially leading to a multi-GWh supply agreement.
September 04, 2024 | 12:36 pm
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Amprius Technologies has entered a 5-year LOI with a Fortune Global 500 company to develop SiCore™ cells for LEVs, potentially leading to a significant supply agreement.
The LOI with a major global company indicates a strong potential for future revenue through a multi-GWh supply agreement, which is likely to positively impact Amprius's stock price in the short term.
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