Enovix Signs MOU with Elentec to Strengthen Global Battery Pack Manufacturing
Portfolio Pulse from Benzinga Newsdesk
Enovix Corporation (NASDAQ:ENVX) has signed a Memorandum of Understanding (MOU) with Elentec Co., Ltd to enhance global battery pack manufacturing. This agreement aims to establish a long-term business relationship, leveraging Elentec's design and manufacturing capabilities to support Enovix's growth.
June 26, 2024 | 11:33 am
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Enovix Corporation has signed an MOU with Elentec to enhance its global battery pack manufacturing capabilities. This partnership aims to leverage Elentec's design and high-volume manufacturing capabilities, potentially leading to a strategic partnership for custom battery pack development.
The MOU with Elentec positions Enovix to leverage a trusted manufacturing partner, which could accelerate its growth and market penetration. The potential for a strategic partnership and custom development of battery packs for various applications is a positive indicator for Enovix's future prospects.
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