RE:RE:Toyota Material Handling electrification I believe they will address this in a round about way and I think they already have. There seems to be a reluctance by Toyota to just come out and state they are using Electrovaya's batteries. In their press release regarding the new supply aggreement with Raymond and a new "affiliated large OEM" it's obvious, at least to me that the OEM is Toyota Material Handling.
2023-11-02 | TSX:ELVA | Press Release | Electrovaya Inc (stockhouse.com) I think they addressed this issue of electrification in the Q1 CC. They stated "During the quarter, we also posted meaningful engineering services revenue, which is tied to a key development program with one of our OEM partners.I expect this particular development program to eventually lead to significant revenue potential as these products move from engineering and development to production by the end of the calender year. This program also demonstrates the key partnership we have with this OEM and level of investment being made into these new electrified platforms by both Electrovaya and this OEM." So production by the end of this year and it refers to new electrified platforms with an OEM partner, sure looks like the pieces fit.