Enovix Corporation ENVX

Enovix Corporation is involved in the design, development and manufacture of lithium-ion batteries. With headquarters in Fremont, California, the company was founded in 2007 and operates globally.

Enovix has developed and produces proprietary 3D cell architecture that increases energy density while maintaining high cycle life. Initially intended as a high-energy batter for innovative portable products, the company is also developing solutions for the electric vehicle and energy storage markets to support greater utilisation of renewable energy. Enovix has announced plans to build an advanced battery production facility within the US for volume production.

Listed on the NASDAS GS stock exchange, Enovix’s stock is traded publicly under the ticker ENVX. The company’s stock has been listed on the NASDAQ GS since January 2021. On 10 August 2022, Enovix announced that the company had been awarded a contract to build and test custom cells for the US Army. This contract is to evaluate the performance and safety of the Enonix 3D silicon li-ion cell for use within soldiers’ central power source, which is called the Conformal Wearable Battery (CWB). In July 2021, Enovix combined with Rodgers Silicon Valley Acquisition Corp., a publicly traded special purpose acquisition company.

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