Enovix To Acquire Korean Battery Cell Facility to Bolster Manufacturing
Enovix Corporation (ENVX)
Company Research
Source: GlobeNewswire
FREMONT, Calif., April 03, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (Nasdaq: ENVX), a global high-performance battery company, today announced the acquisition of battery cell manufacturing assets from SolarEdge, located in South Korea. The acquisition will expand the company’s manufacturing footprint and help position Enovix to meet growing demand in the defense industry. The transaction is expected to close in April 2025, subject to the satisfaction of customary closing conditions. Enovix will be acquiring a battery cell manufacturing facility from SolarEdge that is approximately 330,000 square feet, as well as battery cell development and manufacturing equipment. The SolarEdge facility has been operating for over 20 years. The facility to be acquired is directly adjacent to the company’s existing facility in Nonsan City, South Korea. Enovix plans to hire certain members of the SolarEdge Korea team including personnel in the manufacturing, quality, R&D and process engineer depa
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ENVX
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- INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Enovix Corporation - ENVXPR Newswire
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ENVX
Earnings
- 11/5/25 - Beat
ENVX
Sec Filings
- 12/16/25 - Form 4
- 12/16/25 - Form 4
- 12/12/25 - Form 4
- ENVX's page on the SEC website