Business

Amprius enters purchase agreement with Teledyne FLIR

By Brian Coote

Published: July 24, 2022

Amprius Technologies announced it has entered into a component purchase agreement with Teledyne FLIR, a company working on intelligent sensing, unmanned aerial systems (“UAS”), and integrated solutions for defense and industrial markets. From this agreement the total battery market for UAS is expected to increase to approximately $38 billion by 2025, based on estimates and a recent market study by InsiderIntelligence, Amprious says.

Amprius says that its 100% silicon anode battery cells are being designed to meet the needs of this rapidly growing segment.

Canoo’s Oklahoma City manufacturing facility approved as a Foreign Trade Zone

The company said the approval will accelerate its made-in-America EV manufacturing strategy, improve unit profitability and enable a faster path to break even.

By Christian Hinton

Published: March 24, 2024

Canoo revealed that the U.S. Department of Commerce has approved its Oklahoma City facility as a Foreign Trade Zone (FTZ). The company said this will accelerate its made-in-America EV manufacturing strategy, improve unit profitability and enable a faster path to break even.

Canoo said its Oklahoma City facility currently employs more than 100 workers and will support as many as 1,100 manufacturing jobs at full capacity. The company said this FTZ designation allows for the elimination of all customs duties on vehicles sold to customers overseas and for the deferral of customs duties on imported parts used in vehicles sold domestically. The company added it sources more than 90% of its parts from the U.S. and allied nations. Approximately 70% of parts come from North America, and the remaining are from the rest of the world.