Amprius (AMPX) Wins Up to $75 Million U.S. Grant to Convert EV Battery Line to Drone Cells

Amprius Technologies Inc. (AMPX) said Monday it secured a grant of up to $75 million from the U.S. Department of War to convert a domestic electric-vehicle battery production line into manufacturing of high-energy density cells for unmanned aerial systems. The battery maker did not disclose the specific terms, timeline, or production capacity targets tied to the award. The funding is structured as a grant rather than a contract or equity investment, according to the announcement. The conversion shifts Amprius' domestic output toward defense and aerospace applications, moving away from the EV segment. The company's shares trade on the NYSE under the ticker AMPX. Further details on the agreement were not immediately available.