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Amprius Technologies Inc. (NYSE:AMPX) is one of the best young stocks to buy and hold for 5 years. As May was ending, Amprius Technologies announced a new strategic contract manufacturing agreement with a prominent battery manufacturer in South Korea.
The partnership expands Amprius’ global production footprint and enhances its capacity to deliver high-performance SiCore cells at scale. Initial production will focus on a balanced SiCore cell.
The Korean facility will manufacture SiCore silicon anode cells according to Amprius’ precise specifications. The new manufacturing partnership adds to Amprius’ existing contracted production capacity of over 1.8 GWh.
Amprius Technologies Inc. (NYSE:AMPX) develops, manufactures, and markets lithium-ion batteries for mobility applications.
While we acknowledge the potential of AMPX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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