Enovix SPAC Presentation Deck

8 Maximizing Silicon to Drive Performance % Active Silicon Content 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% EnoVix Lithium-Ion Incumbents¹ 3-7% Fully Replacing Graphite with Higher Performing Silicon Requires an Architecture Change Enovix 3D Architecture + Integrated Constraint Conventional Wound Lithium-Ion Cell² ¹LG Chem and Panasonic; from UBS Global Research, May 2021 2 Source: Journal of Electrochemical Society ENOVIX

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