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Stock impact report

Sila opens U.S. factory to make silicon anodes for energy dense EV batteries [TechCrunch]

Amprius Technologies, Inc. (AMPX) 
Company Research Source: TechCrunch
The factory, which will initially be capable of making enough battery materials for 20,000 to 50,000 EVs, is the first large-scale silicon anode factory in the West, and future expansion could fulfill demand for as many as 2.5 million vehicles. Silicon anodes promise to improve the energy density of lithium-ion batteries by as much as 50%. The technology, which Sila has been working on for the past 14 years, could be the best chance for the U.S. to gain the upper hand in a global race for battery supremacy, Sila co-founder and CEO Gene Berdichevsky argues. “When you invent something new, it's a lot easier to then produce it where you invent it,” he told TechCrunch. Sila currently has agreements to supply anode material to Panasonic and Mercedes . Though automakers and their suppliers will be the factory's main focus, Berdichevsky said his company has also been selling to drone manufacturers, satellite companies, and consumer electronics companies. The startup isn't the only co Show less Read more
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