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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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8/5/2022
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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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01/01
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Last Trade
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Last Trade:
$22.75
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Change:
1.62 (7.67%)
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Trade Time:
Aug 12
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Market Cap:
$3.57B
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Description of Business
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Enovix has designed, developed and sampled advanced Lithium-ion, or Li-ion,
batteries with energy densities that are five years ahead of current industry
standard batteries of similar size. "Energy density" is measured as the product
of the power a battery puts out in watts times the number of hours the battery
can put out that power, divided by the volume (size) of the battery measured in
liters. The units of energy density are thus watt-hours per liter or Wh/l. As of
January 2, 2022, we estimate that our current battery products deliver 24%-133%
greater energy density than the batteries in several categories of currently
available consumer electronics products.
This energy density breakthrough alters a 30-year Li-ion battery industry
trajectory of modest (4.2%) annual Li-ion battery energy density improvements
through 2021.
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