Enovix Corporation (ENVX) Declares Leadership Transition to Support Manufacturing Scale-up

Enovix Corporation (NASDAQ:ENVX) is among the 7 Best Lithium and Battery Stocks to Buy Right Now.

On January 20, 2026, TheFly reported that Enovix Corporation (NASDAQ:ENVX) announced a leadership turnover in its operations group to support its production scale-up. This includes Chief Operating Officer Ajay Marathe’s planned retirement. To speed a controlled and repeatable production ramp, the corporation is expanding Senior Vice President Kihong Park’s duties and bringing on skilled manufacturing experts.

In the latest quarter, it was disclosed that Enovix Corporation (NASDAQ:ENVX) is preparing for the commercial introduction of its AI-1 battery, which has been officially proven as having the highest energy density documented for a smartphone battery. The corporation reported consistent improvement in Fab2’s production capabilities. It also continued the development of marquee customer programs and made significant progress with its key smartphone customer. Dr. Raj Talluri, President and CEO, expressed optimism regarding the company’s globally distributed teams and the route ahead as it prepares to mass produce and commercially deploy its AI-1 cells.

The stock is down by 0.13% YTD, as of January 22, 2026.

Enovix Corporation (NASDAQ:ENVX) designs, develops, manufactures, and commercializes Lithium-ion, or Li-ion, battery cells.

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Disclosure: None. This article is originally published at Insider Monkey.