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Electrovaya Inc T.ELVA

Alternate Symbol(s):  ELVA

Electrovaya Inc. is a Canada-based lithium-ion battery technology and manufacturing company. The Company designs, develops and manufactures lithium-ion batteries and battery systems for energy storage, clean electric transportation, heavy duty electric vehicles and other specialized applications based on its Infinity Battery Technology Platform. The Company is focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries. The Company is also developing next generation solid state battery technology at its Labs division. The Company has two operating sites in Canada and has a 52-acre site with approximately 135,000 square foot manufacturing facility in New York state. Its battery products are used across various applications, including material handling, e-mobility and energy storage.


TSX:ELVA - Post by User

Comment by Stockholder2008on Oct 17, 2023 2:40pm
119 Views
Post# 35687628

RE:A shaking out

RE:A shaking out
Electrovaya did good in selecting a target customer base.  Even as the economy as a whole slows down a bit the materials handling business will keep chugging along.  That said, the current customers have seen the increase in productivity (reduced operating costs) associated with using the Electrovaya batteries so they want to convert more of their facilities to get that same productivity increase.  The conversions may slow a bit but will continue on.
Ayn truck or bus business that comes along is gravey as ELVA is now profitable.  Profitable and getting stronger every day.  They also have their eye on a new market segment GSE (Ground Support Equipment) that will take a while to get rolling as they have to introduce new products, get them tested before taking orders.  Just getting stronger......
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