Enovix doubles South Korea drone battery production capacity by mid-2027
Reuters2026/09/01 23:09- Enovix will double in-house drone battery production capacity at its South Korea facility by mid-2027.
- Expansion targets rising demand from U.S. and allied government customers for TAA-compliant batteries used in defense programs.
- Management flagged potential supply tightness through decade-end; drone opportunities exceeded USD 100 million in Q2 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Dell soars! Full-year guidance raised above expectations, AI server sales remain strong
Net ARR growth exceeds 40%, total bookings hit a record high! GitLab (GTLB.US) delivers strong Q2 results, smashing expectations with a post-market surge of over 16%
According to the financial report, the company's revenue for the second quarter of fiscal year 2027 reached $286.3 million, up 21.3% year-on-year, exceeding expectations by $12.94 million; adjusted earnings per share were $0.24, surpassing expectations by $0.06.
IG Group Holdings announces shareholder meetings for proposed Jersey reorganization
Crypto prices
More
