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

​Amprius Technologies, Inc. (NYSE:AMPX) is one of the Fast-Growing Small Cap Stocks to Buy According to Analysts. On November 12, Amprius Technologies, Inc. (NYSE:AMPX) announced the establishment of Amprius Korea Battery Alliance to strengthen its global partnerships, increase its collaboration with supply chain partners, and diversify its manufacturing network.

​This announcement comes at a critical time as the company’s total worldwide contract manufacturing capacity has exceeded 2 GWh. Management noted that the initial members of the alliance include suppliers, battery manufacturers, equipment makers, cell component producers, and important members from South Korea’s investment community.

​Through this partnership, Amprius Technologies, Inc. (NYSE:AMPX) aims to advance its joint business development efforts, gain access to advanced technologies, and support the members of the industry through its technical and commercial efforts.

​In addition to strengthening its global partnerships, Amprius Technologies, Inc. (NYSE:AMPX) on November 6, announced results for its fiscal Q3 2025. The company grew its revenue by 172.77% year-over-year to $21.43 million, surpassing estimates by $4.62 million. The EPS of negative $0.03 also topped the consensus by $0.03. Management attributed revenue growth to more than four times year-over-year growth in its second-generation SiCore battery shipments.

​Following the release, on November 7, Ryan Pfingst from B. Riley Securities raised the firm’s price target on the stock from $11 to $16 and maintained a Buy rating.

Amprius Technologies, Inc. (NYSE:AMPX) develops, manufactures, and markets lithium-ion batteries for mobility applications, focusing on aviation, EVs, and LEVs.

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Disclosure: None. This article is originally published at Insider Monkey.