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Company:
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ENOVIX CORP (ENVX)
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Form Type:
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4
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Filing Date:
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6/17/2022
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CIK:
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0001828318
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Address:
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3501 W. WARREN AVENUE
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City, State, Zip:
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FREMONT, California 94538
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Telephone:
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510 695-2350
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Fiscal Year:
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12/31
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Last Trade
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Last Trade:
$12.13
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Change:
-0.17 (-1.38%)
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Trade Time:
May 26
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Market Cap:
$1.92B
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Description of Business
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Enovix Corporation (the "Company," "we," "us," "our" and "Enovix") is on a
mission to power the technologies of the future. We do this by designing,
developing, manufacturing and commercializing next generation Lithium-ion, or
Li-ion, battery cells that significantly increase the amount of energy density
and storage capacity relative to conventional battery cells. Our battery's
mechanical design, or "architecture," allows us to use high performance
chemistries while enabling safety and charge time advantages.
The benefit of an enhanced battery for portable electronics is devices that have
more power budget available to keep up with user preferences for more advanced
features and more attractive form factors. The benefit of an advanced battery
for Electric Vehicles ("EVs") is a faster charging battery that reduces the cost
per mile due to higher energy density.
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