The energy density advantage ENVX purports to have on smaller form factors can be seen on ENVX prior slide decks. The recent news about them addressing EVs is on the most recent conference call (can get a transcript on Seeking Alpha). The 80% charge in 5 minutes is also on prior press releases on ENVX website, or you can google that info.
MONY....that sounds great,
appreciate the info ....but do you have a link for that. TIA
would like the go all in on ENVX, but I have been burned too many times, so
any links would be greatly appreciated.
Seems on the last conference call ENVX is going to target the EV sector sooner than later. TM's solid state battery is being pushed out on the timeline. Prior releases said TM would start production in 2027. Now 2027-2028. Remains to be seen who will have the advantage. ENVX has claimed 80% charge in 5 minutes. It seems that the new solid state battery has the advantage in energy density as ENVXs battery has a bigger advantage in the small form factors. However, ENVX will start production in 2024 for the small cells.
Will or is ENVX be in this ballpark.?? Does not look like Toyota will be using ENVX, so gotta ask who.
Same here, this seems like a freebie at less than 10.
FREMONT, Calif., Sept. 20, 2023 (GLOBE NEWSWIRE) --
Enovix Corporation ("Enovix") (Nasdaq: ENVX), an advanced
silicon battery company, today announced the acquisition of
privately-held Routejade, an established Korean battery
manufacturer for a total consideration of approximately 6.2
million shares of Enovix common stock and $16.5 million in
cash assuming purchase of 100% of Routejade. The acquisition
provides Enovix with vertical integration of electrode
coating and battery pack manufacturing while adding an
established lithium-ion battery business with factories in
Korea, along with complementary products, customers, and
suppliers. The transaction is expected to close in the
fourth quarter of 2023 and be immediately
Routejade has been qualified as
a supplier of coated rolls of electrodes for Enovix
batteries with capacity to support the Fab2 scale-up that
begins in 2024. By bringing coating capability in-house,
Enovix intends to realize significant cost savings while
speeding up battery development cycles as modern materials
are quickly incorporated to improve energy density. Securing
the coating supply chain is also intended to ensure the
quality of incoming battery materials which can positively
impact manufacturing yield and
Routejade brings over 20 years
of experience as a manufacturer and supplier of lithium-ion
batteries, targeting end markets such as wearables,
hearables, medical, industrial, and the South Korean
military. Routejade's patented encapsulation technology
allows for circular and asymmetric battery form factors,
complementing the ability of Enovix to support multiple
"This is a
compelling acquisition with a strong ROI profile for Enovix
given the obvious financial benefits of vertically
integrating coating while providing our R&D team quicker
access to new materials to enhance our product roadmap and
benefit customers," said Dr. Raj Talluri, President and CEO
of Enovix. "My vision is for Enovix to grow our battery
performance metrics at a significantly faster rate than the
industry by harnessing the materials agnostic nature of our
architecture and this transaction accelerates our ability to
execute that plan."
Continued Dr. Talluri,
"We are also making tremendous strides in manufacturing with
yield gains in Fremont, which positions our Gen2 equipment
for a strong start in 2024. We have been very impressed with
Routejade's coating know-how and believe it will only
improve our ability to deliver competitive yields while
producing batteries in high volume at an attractive cost
Routejade is led by CEO Mr.
Kihong Park. Mr. Park has approximately 30 years of
experience in Li-ion battery manufacturing businesses in
Korea, including a 21-year tenure at Kokam (now SolarEdge
Energy Storage Division), where he served in roles such as
CTO and COO. Mr. Park will report to Dr. Talluri and
continue to run the Routejade business.
are excited to join Enovix, a truly revolutionary company in
the lithium-ion battery industry," said Mr. Park. "The
growth prospects for this business are substantial, and we
look forward to playing an important role in Enovix's
journey to scale."
Enovix will hold a video
conference call at 2:00 PM PT / 5:00 PM ET today, September
20, 2023, to discuss the Routejade acquisition. To join the
call, participants must use the following link to register:
link will also be available via the Investor Relations
section of Enovix's website at https://ir.enovix.com. An
archived version of the call will be available on the Enovix
investor website for one year at
is on a mission to power the technologies of the future.
Everything from IoT, mobile and computing devices, to the
vehicle you drive, needs a better battery. The company's
disruptive architecture enables a battery with high energy
density and capacity without compromising safety. Enovix is
scaling its silicon-anode, lithium-ion battery manufacturing
capabilities to meet customer demand. For more information
visit www.enovix.com and follow us on
Board of Directors
When a conventional lithium-ion battery is pierced or severely damaged, a short can occur, discharging the cell in microseconds and potentially releasing a violent and often fiery chain reaction. It’s called thermal runaway and, well, it’s bad. That’s why we created BrakeFlow™, an intra-cell system that increases abuse tolerance.
It wasn’t enough to reimagine the lithium-ion battery, we’ve also introduced a whole new level of safety.
1 Billion shelf offering. Not sure if it replaces a prior shelf or is a totally new one.
thanks for the info! Appreciate it.
Up until today ENVX has been essentially a pre-revenue company. Fab 1 was created to provide prototype batteries to consumer wearable companies. This has resulted in design wins. Most recently they have been chosen by the DOD Army to power soldier's needs. This is an actual order. Today they announced general availabilty of their battery. This means they are ready to sell. Fab 2 is being built in Malaysia and includes over 100 improvements based on learnings from Fab1. A Fab 2 line will be capable of up to 13xs the throughput of Fab 1.
Enovix Corp NASDAQ: ENVX
Industrials : Electrical Equipment | Company profile
Enovix Corporation is an advanced silicon battery company. The Company designs, develops, and commercially manufactures an advanced silicon-anode lithium-ion (Li-ion) battery using its three-dimensional (3D) cell architecture. Its standard Li-ion battery production involves electrode fabrication, cell assembly and battery packaging and formation. Its product is focused on developing battery nodes that share the same set of materials and mechanical design and then builds batteries at different sizes to accommodate customer requirements based on these nodes. Its product roadmap consists of future nodes of energy density based on both materials and design. The Company has built and sampled standard-size batteries that have a range of applications within specific end markets, such as wearables, mobile devices, laptops and augmented reality (AR) eyewear. The Company’s subsidiaries include Enovix Operations Inc., Enovix HoldCo Limited, Enovix OpCo Limited and Enovix India Holdco LLC.
This one is going to go places. Its amazing to me that a company like this gets no ihub attention but an 0.003 Expert Market play gets a post every few minutes, but I guess that is who ihub caters to and there is nothing wrong with that.
More progress at Fab1 updates and orders placed for Fab2 equipment. Things are progressing as per plan.
Is this a buyout candidate?
Well there's part of your answer! The last reported Short position is around 19 mil with 4.9 days cover, it will be interesting to see what the next report says. This one is just getting started.
Good news, partnering with a company that's making a significant financial commitment to the building of Fab2. ENVX making all the right moves. Could be the reason TJ Rodgers added about 500,000 shares lately. He's in over a 14 B stake, so definitely putting his money where his mouth is. ENVX up over 33% in the last month. There is a gap fill to $18 waiting to be filled. Now if we could get a licensing deal with someone like Samsung.
ENVX will need to produces hundreds of millions of batteries. What they are doing with Fab 1 is producing batteries for consumer products companies to test and design into their next generation consumer products. The production from Fab1 is paltry. It is a proof of concept for ENVX's technolgy Fab. Fab 2 is about 9xs more productive but it's output is also paltry compared to the demand. It is a prototype line for other battery companies to adapt their own lines to produce under royalty or the consumer product's companies to build their own lines. If you are waiting for ENVX to build enough capacity to power even one product of a major consumer product we will be waiting a long time. This stock will explode upon the news of a major battery company licensing ENVX's technology. Someone like Samsung would be ideal. ENVX is working with Samsung. Even better would be for AAPL to sign on a licensing deal, since they are becoming more and more vertically integrated.
Looks like it could be a big one to me. They apparently have a great battery and are putting the resources into fixing the manufacturing problems and increasing capacity. Hopefully once the customers complete testing with a positive result they will be able to produce enough to meet a very high demand.
From 3/15 to 3/20 Chairman TJ Rodgers filed four s-4s indicating purchases of nearly 130,000 shares on the 15th, 34,899 on the 16th, 98,700 on the 17 th and 69,577 on the 20th. They say that there are many reasons to sell, but usually only one reason to buy (to make money). Not sure if news is coming down the road soon (why the buying now?) or general optimism by someone in the position to know.
Yes on the hires and you really need to understand their backgrounds and the positions they left to be with ENVX. Also look at TJ Rodgers share purchases this week, he bought 2$ million worth and that should tell you all you need to know.Analysts looking for $100-200 PPS.