Electrovaya Inc T.ELVA

Alternate Symbol(s): ELVA

Technology Electronic Components

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

Electrovaya Inc

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Post by TicTacToon Dec 18, 2020 11:30am

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Post# 32140068

Battery price crashing should bring high margin

Walmart C$4.3 millions contract for 150 batteries, ca. C$30,000/battery pack.

Assuming sold battery at C$26,000/battery (excluding charger) with a mean size of 30 kWh, represent 4,500 kWh = C$675,000 cell/module cost with a target price of C$150/kWh.

Margin should be substantial in future.

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