amprius technologies Secures Major Contracts for Advanced Battery Solutions
Amprius Technologies has successfully obtained contracts exceeding $20 million too provide high-performance 40 ah cells for Light Electric Vehicle (LEV) applications.
Anticipated shipping and Revenue Recognition
The company plans to commence shipments of these advanced cells in 2024, wiht expectations to recognize full revenue by mid-2025.
Innovative Battery Design for Enhanced Performance
The 40 Ah cells, developed by Amprius, were chosen for thier superior safety features, elevated energy density, and cost-effectiveness. These larger cells are specifically tailored for LEV applications, attracting customers who appreciate the remarkable performance of Amprius batteries. This innovation is set to propel the future of electric mobility, enhancing both manned and unmanned operations across sectors such as aviation, aerospace, defense, and robotics.
CEO Insights on Market Demand
Dr. Kang Sun,CEO of Amprius Technologies,stated,“This marks another significant commitment from our customers,following our recent letter of intent for a potential 2 GWh supply with a Fortune 500 company. The appeal of Amprius battery performance is facilitating the rapid validation of our expanding sales pipeline,” he added.
Capacity and Future Growth Prospects
Dr. Sun further explained, “With over 500 MWh of production capacity currently available, we are well-positioned to meet the rising demand for our high-performance silicon anode batteries in light electric vehicles and aviation. This is merely the beginning, and we anticipate that this momentum will lead to considerable business growth, with additional purchase orders expected to support the increasing demand in electric mobility applications.”
