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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

Post by Stockholder2008on Feb 21, 2024 11:39am
115 Views
Post# 35891002

Electrovaya Has Big Plans For Ellicott Battery Factory

Electrovaya Has Big Plans For Ellicott Battery Factory

Electrovaya is hiring key staff members for its Ellicott gigafactory with production possible in mid 2025 – as long as financing for construction is secured.
The company has completed engineering studies for the Jamestown site, located in the former Acu-Rite building in Ellicott, and has also updated environmental studies. Lee Gilmore as the general manager of the Ellicott facility and other staff are being hired. Raj Das Gupta, Electrovaya CEO, told investor analysts in a conference call earlier this week that the company is looking toward 2025, when it will require additional manufacturing capacity, to open the Ellicott plant.

https://www.post-journal.com/news/top-stories/2024/01/on-the-cusp-of-a-charge/

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