ENVX - What's Going On With Enovix Stock? | Benzinga
Enovix Corp (NASDAQ:ENVX) shares are volatile Wednesday after rising 35% on Tuesday. Here’s a look at what’s going on.
What Happened: Enovix on Wednesday announced it signed a Memorandum of Understanding (MOU) with Elentec Co, a consumer electronic battery pack manufacturing company in Asia serving customers such as Samsung.
Enovix said the agreement enables the company to lock in a globally trusted battery pack manufacturing partner to support its growth with target customers worldwide. The MOU also allows Enovix to fast track and utilize Elentec’s battery pack design and high-volume manufacturing capability.
“Our teams will collaborate closely to design ...