Amprius signs loi with fortune global 500 leader in light electric vehicles

Fremont, calif.--(business wire)--amprius technologies, inc. (“amprius”) (nyse: ampx), a leader in next-generation lithium-ion batteries with its silicon anode platform, today announced it has signed a non-binding letter of intent (“loi”) with a fortune global 500 technology oem to develop a high-energy sicore™ cylindrical cell for light electric vehicle (“lev”) applications. the loi demonstrates both parties' intention to enter into a commercial supply agreement that will cover the next 5 year.
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