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Why Lithium Battery Stock Enovix Zoomed 36.5% Today

TheMotleyFool

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Why Lithium Battery Stock Enovix Zoomed 36.5% TodayPhoto, wide shot, wide-angle lens, Gold mine, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/94faf2bd-99c1-4ea6-b55d-fdcab23c3865.png

Shares of Enovix (NASDAQ: ENVX) are on fire this morning, rocketing as much as 36.5% as of 10:14 a.m. ET. Enovix manufactures lithium-ion batteries using silicon anode, which improves energy density significantly. Tuesday morning, the company announced an order from a global consumer electronics company -- a milestone that's sent the markets into a tizzy.

Enovix announced today that it has received an initial order for its smartwatch battery from "one of the top consumer electronics companies in the world."

Image source: Getty Images.

Source Fool.com

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