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Enovix Signs MOU with Global High-Performance Automotive OEM for Cell Design and Performance Validation

Jul 31, 2024•almost 2 years ago

Contract Type

agreement

Fremont

Description

Enovix Corporation has signed a non-binding Memorandum of Understanding (MOU) with a high-performance, global automotive OEM aimed at scaling the Enovix cell architecture for the EV market. The agreement focuses on cell design and performance validation and optimization at the cell, pack, and vehicle level to take advantage of the unique Enovix cell design to improve performance and customer experience.

Company Information

Company

Enovix

Location

Fremont, California, United States

About

Enovix has developed a lithium-ion battery that incorporates a 100% active silicon anode using its patented 3D cell architecture to significantly increase energy density and maintain high cycle life. The company is backed by strategic relationships with Intel, Qualcomm and Cypress and over $200 million in venture, strategic and private funding. It has been awarded over 75 patents and has over 45 applications pending to create sustainable enterprise value and provide a competitive barrier for years to come. For more information, go to www.enovix.com.

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