AUS
NZ
UK
CA
USA
IND
Highlights
- Altech Batteries has initiated a strategic reset following Board changes, sharpening its focus on long-term shareholder value.
- The company has discontinued its partnership with AMPower with immediate effect.
- The AMPower strategy was deemed to offer insufficient financial returns relative to the associated risks.
- The company will now focus its resources on advancing its CERENERGY® and Silumina Anodes™ technologies.
- Altech is actively seeking the right partners to accelerate commercialisation of its core battery technologies.
Altech Batteries Limited (ASX:ATC) (FRA:A3Y) has taken a decisive and forward-looking step following recent changes to its Board of Directors, reinforcing the company’s commitment to long-term value creation and disciplined capital allocation. The newly constituted Board has undertaken a comprehensive strategic review and, as a result, has made the considered decision to discontinue the company’s partnership with AMPower, effective immediately.
The company, on 18 December 2025, announced the immediate termination of its agreement with AMPower, a Chinese manufacturer of sodium nickel chloride batteries for the uninterruptible power supply (UPS) market.
Board Review Drives Exit Decision
As part of its review, the Board determined that the AMPower strategy did not present attractive financial returns to justify the risks and resources required to continue the partnership. Consequently, the company has chosen to exit the arrangement with immediate effect.
Renewed Focus on Core Technologies
The Board reaffirmed that Altech holds two world-class technologies—CERENERGY® and Silumina Anodes™. In line with its revised strategy, the company will now prioritise efforts to unlock the full commercial potential of these projects. Efforts will be directed toward securing suitable partners to assist in the commercialisation and scaling of these technologies.
ATC shares were trading at AUD 0.022 per share at the time of writing on 19 December 2025.
