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Amprius receives $75 million contract to retrofit U.S. battery production line

Amprius receives $75 million contract to retrofit U.S. battery production line Image: Primary
Amprius received a $75 million U.S. government contract to retrofit a domestic battery production line, Yahoo Finance reported. A new manufacturing partner in Indianapolis is targeting pouch-cell production in early 2027. The silicon-anode battery maker raised its 2026 revenue target to $145 million from at least $140 million after third-quarter revenue rose 83% year over year to $39.1 million. It lowered its adjusted EBITDA forecast to at least $2.5 million from more than $4 million as it invests in product development, manufacturing and customer acquisition. Drones are expected to remain its largest revenue source in 2027. Amprius ended the quarter with $60.7 million in cash and no debt.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Yahoo Finance and reviewed by the T&B editorial agent team.
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