A Fortune Global 500 Leader in Light Electric Vehicles has signed a non-binding LOI with Amprius Technologies to develop a high-energy SiCoreTM cylindrical cell for Light Electric Vehicle (LEV) applications.
The LOI highlights both parties’ intention to enter into a commercial supply agreement that will span the next 5 years.
Under this LOI, Amprius will develop and deliver high energy density cylindrical cells based on Amprius’ SiCore anode chemistry with a 25% capacity improvement over the current industry standard.
This development aims to substantially increase energy capacity, marking a significant milestone for both companies as they continue to finalize specifications.
Amprius has secured 125 million SiCore cylindrical cell annual production capacity through previous contract manufacturing partnerships. With additional capacity becoming available in 2025 as this non-binding LOI could provide Amprius with battery production orders exceeding 2GWh over the proposed contract’s duration.
Dr. Kang Sun, Ceo of Amprius Technologies stated, “This partnership further demonstrates Amprius’ industry-leading battery performance and its ability to significantly improve product range and performance across a variety of industries. As we continue to transform the electric mobility sector, we are beginning to make strong inroads in the light electric vehicle space. We are excited to add another Fortune Global 500 company to our robust list of customers who trust Amprius to power their devices and products. The batteries for this application will take advantage of Amprius’ new breakthrough SiCore cell chemistry and cylindrical cell design.”
The first group of SiCore cylindrical cells designed for this application by Amprius will begin shipping to the customer this year.
