Enovix invests $19 million to double drone battery capacity in South Korea
ENVX•Enovix is investing $19 million to double drone battery capacity at its South Korean plant, targeting U.S. and allied defense demand. A multinational drone systems provider ordered 100,000 battery units for delivery in early 2027, while Enovix reported a $216 million drone, defense and industrial pipeline at the end of the third quarter of 2026.
1. South Korea expansion
Enovix is investing $19 million to double drone battery capacity at its South Korean plant, targeting U.S. and allied defense demand. A multinational drone systems provider ordered 100,000 battery units in October, with deliveries scheduled for early 2027; follow-on orders are expected in the second half of 2027 and beyond.
2. Pipeline and staffing
Enovix’s drone, defense and industrial pipeline reached $216 million at the end of the third quarter of 2026. The company is shifting resources toward South Korea and cut approximately 220 employee and contractor positions globally, generating $8.5 million in annual savings.
