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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 19, 2023 10:02am
110 Views
Post# 35690706

RE:Waning demand

RE:Waning demand
An outgoihg tide strands ships in shallow water.  Electrovaya has stated that they intend to expand production as the demand increases.  If demand slows down then Electrovaya will slow down or halt expansion.  Jamestown is the place to watch for this to occur.  Right now they are producing a small number of battery packs in Jamestown.  For each battery pack assembled there they will get a government rebate.  The rebate will go straight to the bottom line.  So as long as there is a demand then Jamestown will expand; however. the pace of expansion may slow a bit........
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