Amprius Technologies (AMPX) Establishes Amprius Korea Battery Alliance, Here’s What You Need To Know

Core Insights - Amprius Technologies, Inc. (NYSE:AMPX) has established the Amprius Korea Battery Alliance to enhance global partnerships and diversify its manufacturing network [1][2] - The company's total worldwide contract manufacturing capacity has surpassed 2 GWh, with initial alliance members including various suppliers and battery manufacturers from South Korea [2] - Amprius aims to advance joint business development and access advanced technologies through this partnership [3] Financial Performance - For fiscal Q3 2025, Amprius reported a revenue growth of 172.77% year-over-year, reaching $21.43 million, exceeding estimates by $4.62 million [4] - The company’s EPS was negative $0.03, which also surpassed consensus estimates by $0.03 [4] - Revenue growth was attributed to over four times year-over-year increase in second-generation SiCore battery shipments [4] Analyst Ratings - Following the financial results, B. Riley Securities raised the price target for AMPX from $11 to $16 while maintaining a Buy rating [5] - Amprius focuses on developing lithium-ion batteries for mobility applications, particularly in aviation, electric vehicles (EVs), and light electric vehicles (LEVs) [5]