Volatility in Amprius Continues Even After Delivery of Production Machine And a $50 Million Grant
October 20 2022 - 09:01AM
TipRanks
Shares of Amprius Technologies (NYSE: AMPX) continued to be
volatile in pre-market trading on Thursday and were in decline
after surging 77% on Wednesday. The manufacturer of high-energy
density lithium-ion batteries stated that it had received its
"first large-scale anode production machine from centrotherm, which
it plans to install at its current Fremont location." The company
anticipates that this machine is likely to ramp up its capacity for
silicon anode production to around 2 MWhs (Mega Watt Hours), or ten
times its current capacity, by the end of next year.
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Amprius Technologies (NYSE:AMPX)
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