Enovix secures order for 100,000 advanced lithium-ion batteries for drones, deliveries start in H1 2027.

Enovix Corporation received a purchase order for 100,000 advanced lithium-ion batteries from a multinational drone systems provider, with deliveries planned for the first half of 2027. This order marks a key milestone as it moves from Enovix's $216 million drone and defense pipeline into confirmed backlog. The batteries are manufactured in Enovix's TAA-compliant, military-qualified facility in South Korea, highlighting the company's ability to supply high-performance, secure-source batteries amid growing demand. The customer is expected to place additional orders later in 2027, supporting Enovix's strategic focus on drone and defense markets.

Enovix Corporation's stock is trading at USD 2.68 on Pluang as of Oct 14, 2026, 04:12 WIB, showing a 1-day gain of 3.47%. The company has a market cap of $572.76 million, reflecting investor interest despite the stock being near its 52-week low of $2.46. Pluang data also shows a high volume of 13,336,813 shares traded, with most investors currently selling rather than buying.