RE:"Made in China" You don't hear about that from Stankar I guess you must be referring to this from the article posted by InvestForce yesterday:
In Mai 2015, the patents and the machines for producing the cell components were passed on to the Canadian battery manufacturer Electrovaya, who then proceeded to breathe new life into the factory and re-start it under the name Litarion. “Here we build the components for our Litacell LC-40 lithium cells which produce 40 ampere hours,” Fritz Mller says. “We build the electrodes and the separator. The cell is completed in China, according to Litarion’s specifications and permanently monitored by our engineers. The battery packs in turn are assembled by Electrovaya in Canada and Taiwan.”
I don't see a lot of heavy lifting being done there. German engineered and manufactured cell components are shipped to China to be assembled into cells and bagged there.
But hey! If that qualifies as "Made in China" in your book, more power to you.
You're also forgetting that Asia will probably turn out to be one of Electrovaya's major markets, with some of it's recently signed deals aimed at that market, namely the one inked with the European bus battery OEM which has "...production facilities in both China and Europe and capable of driving massive sales."
It's only natural that some of the work be done there at some point.
Most major equipment and hard good manufacturers have some of their assembly and manufacturing work done in most of their major markets. Just look at the Asian car companies who have their products assembled in North America, just to name one example. And GM, Chrysler and Ford do the same over there.