Enovix Produces Battery Cells From First Automated Factory In California

Enovix Corp ENVX revealed manufacturing the first cell off its automated factory in Fremont, California.
"Manufacturing the first cell off of our automated line is proof that our machine set is ready for production," said Harrold Rust, Co-founder, President, and CEO of Enovix.
The company said it is on track to meet the goal of delivering a battery with up to 110% greater energy density and on target for commercial production in Q1 2022 and first product revenue in Q2 2022.
Enovix also announced that it has designed, fabricated, and released pre-production quantities of a new cell design for Augmented Reality (AR) glasses for a top-tier consumer electronics company.
Price Action: ENVX shares are trading higher by 7.35% at $17.09 on the last check Wednesday.

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