NASDAQ:ENVX Stock Quote
Enovix Corp is a technology company that specializes in the development and manufacturing of advanced lithium-ion battery solutions
The company focuses on creating high-performance batteries that offer increased energy density and improved safety compared to traditional lithium-ion batteries. Enovix aims to revolutionize various industries, including consumer electronics and electric vehicles, by providing innovative energy storage solutions that meet the growing demand for longer-lasting, efficient, and reliable power sources. Through its proprietary technologies and manufacturing processes, Enovix strives to push the boundaries of battery performance and sustainability.
Frequently Asked Questions
Has Enovix gone public?
Yes, Enovix Corporation went public in 2021 through a reverse merger with a special purpose acquisition company (SPAC). This strategic move allowed the company to raise capital and increase its visibility in the financial markets to accelerate its growth and technology development.
How does Enovix ensure battery safety?
Enovix ensures battery safety by implementing advanced designs that mitigate risks typically associated with lithium-ion batteries, such as thermal runaway. Their 3D architecture allows for better thermal management, and rigorous testing protocols are in place to ensure that each battery meets strict safety standards before being brought to market.
How does Enovix manage its supply chain?
Enovix manages its supply chain by building strong relationships with raw material suppliers and implementing rigorous quality control measures. The company continuously monitors supply chain dynamics to mitigate risks, ensure timely procurement, and maintain manufacturing efficiency, crucial for meeting market demands.
How does Enovix's battery technology support electric vehicles?
Enovix's battery technology supports electric vehicles by providing higher energy density and faster charging capabilities, which are essential for enhancing the performance and convenience of EVs. This advancement contributes to longer driving ranges and shorter charging times, addressing key concerns for consumers in the electric vehicle market.
How does Enovix's technology differ from traditional battery technologies?
Enovix's technology differs from traditional battery technologies primarily through its use of a 3D architecture and silicon-based anodes. This innovation allows for higher energy density, meaning that batteries can store more energy in the same space, while also improving charging times and overall lifespan compared to conventional lithium-ion batteries.
What are Enovix's future growth prospects?
Enovix's future growth prospects are strong due to rising demand for energy-efficient and safe battery technologies. With increasing applications in electric vehicles, smartphones, and other gadgets, coupled with partnerships and collaborations within the industry, Enovix is well-positioned to capture market share and drive innovation in battery technology.
What are the long-term goals of Enovix Corporation?
The long-term goals of Enovix Corporation include becoming a leader in the battery technology space by continuously innovating and improving its 3D silicon battery technology. The company aims to expand its market presence across various sectors, including consumer electronics and electric vehicles, while maintaining a commitment to sustainability and safety.
What are the main challenges facing Enovix?
The main challenges facing Enovix include scaling production to meet demand while maintaining quality, navigating the competitive landscape of the battery industry, and addressing potential supply chain disruptions. Additionally, ongoing research and development are needed to keep ahead of technological advancements and regulatory requirements.
What does Enovix Corporation do?
Enovix Corporation is a technology company focused on developing advanced lithium-ion battery technology. The company's primary innovation is its 3D Silicon Lithium Battery architecture, which aims to deliver greater energy density, enhanced safety, and improved cycle life through the use of silicon in its anodes.
What is Enovix's approach to sustainability?
Enovix is committed to sustainability by developing battery technologies that are not only efficient but also more environmentally friendly. The company aims to minimize waste and resource intensity in its manufacturing processes and focuses on creating longer-lasting batteries that reduce the frequency of replacements, thereby decreasing environmental impact.
What is Enovix's primary product?
Enovix's primary product is its 3D silicon battery, which is designed for consumer electronics and electric vehicles. This battery technology leverages silicon to significantly increase energy density while maintaining safety and reliability, setting it apart from conventional lithium-ion batteries.
What is the significance of Enovix's 3D battery technology?
The significance of Enovix's 3D battery technology lies in its ability to provide higher energy density and safety compared to traditional batteries, which is crucial for the increasingly demanding applications in consumer electronics and electric vehicles. The design minimizes the risk of thermal runaway and allows for faster charging, making it an ideal solution for the future of energy storage.
What is the typical lifespan of an Enovix battery?
The typical lifespan of an Enovix battery, thanks to its innovative design and efficient materials, is expected to be significantly longer than that of conventional lithium-ion batteries. While exact figures may vary by application, Enovix batteries are designed for high cycle life, often exceeding 1,000 charge cycles under normal usage conditions.
What markets does Enovix target?
Enovix targets several markets including consumer electronics, electric vehicles, and renewable energy storage. The company aims to address the growing need for high-performance batteries in these sectors, where energy density and safety are critical factors.
What partnerships or collaborations does Enovix have?
Enovix has established various partnerships with leading companies in the technology and automotive sectors to further its battery technology. These collaborations allow for shared expertise, combined resources, and accelerated development cycles, ultimately enhancing the company’s market position and product offerings.
When was Enovix Corporation founded?
Enovix Corporation was founded in 2007. Since its inception, the company has focused on researching and developing cutting-edge battery technologies that can meet the increasing demands of modern electronic devices and electric vehicles.
Where is Enovix Corporation headquartered?
Enovix Corporation is headquartered in Fremont, California. This location allows the company to tap into nearby technological resources and talent, as well as to collaborate with other innovators in the semiconductor and battery technology sectors.
Who are Enovix's competitors?
Enovix competes with various companies in the battery industry, including established players like Tesla and Panasonic, as well as emerging startups focusing on advanced battery technologies. The competition fosters innovation and pushes Enovix to continuously refine and improve its battery solutions.
Who are the key executives at Enovix?
Key executives at Enovix Corporation include the CEO and co-founder, Dr. Ashok Lahiri, and other experienced leaders in engineering, operations, and finance. Their combined expertise supports the company in achieving its goals of innovation and market expansion in the battery sector.
What is the current price of Enovix Corporation - Common Stock?
The current price of Enovix Corporation - Common Stock is 7.715
When was Enovix Corporation - Common Stock last traded?
The last trade of Enovix Corporation - Common Stock was at 1:28 pm EDT on April 2nd, 2025