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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

Bullboard Posts
Comment by Stockholder2008on Jul 14, 2017 12:17pm
107 Views
Post# 26469576

RE:A little more revenue next quarter

RE:A little more revenue next quarter
Stockholder2008 wrote: When you consider Electrovaya, the saying "Rome was not built in a day" seems appropriate.  It now appears Electrovaya will get a little traction in the upcoming quarter as BMZ a German battery integrator starts building battery packs for Streetscooter.  There appears to be great opportunity for expansion.  Again though "Rome wasn't built in a day"  so it will be interesting to see the quarter to quarter improvement in revenue.  Here is a little about Streeyscooter a customer of Electrovaya.
https://m.rp-online.de/wirtschaft/unternehmen/elektro-streetscooter-post-plant-zweites-werk-in-nrw-aid-1.6748274 

Above my June 18 post.  I nailed it.  Electrovaya shipped last of June with 50% payment in July and 50% payment is September.
https://electrovaya.com/electrovaya-sells-lithium-ion-cells-to-european-electric-vehicle-producer-through-follow-on-purchase-order/
Now,  which cell did they ship?  My best quess is the LC50Q.  I believe it was specifically developed to match physical size with the current cell being imported from Korea.  That makes it simple to integrate into an existing production run.  
Bullboard Posts