EFL has no plan to massively produce batteriesFor those who hopes that EFL can take massive battery orders. I can tell you that your dream is not going to come true.
Reason being, EFL is not strategically going for that direction. EFL would like to help other factories to product batteries using its platform / technology. And EFL will still move on to R and D, but not manufacturing.
If you pay attention to the 3 MOUs signed in China. One is for the Ben Ben, which is out already as Maya 300. There is another MOU which is with a battery manufacturing equipment company. EFL will partner with that company to offer the equipments tailored for making EFL like batteries. That being say, EFL hopes that other factories will make its batteries, not themselves producing it.
I cannot comment if that is bad or not.
The reason why they pick such a choice. 1) EFL has no mass EV battery order yet. 2) EFL is not financially ready for doing that. This includes that a) not enough money to run in mass production mode. b) equipment and human resources wise, not ready too. So basically, they have no choice by picking this strategy.
It is not bad, since this will overcome some of the shortage including the marekt readiess and financial readiness.
The bad side? They cannot product positive cash flow. For other battery factories who are doing EV things, they actually use other income sources, such as consumer battery products, like Cell Phone batteries, etc. Those products may not have high margin, but they generate enough cash flow to support the R and D for the EV batteries.
I believe that EFL should really think about the case flow generation, unless 1) they can do another financing quickly. 2) they can sell thire technologies to other factories as OEMs in the near future.
Crossing fingers.