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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

Post by siacagason Jan 30, 2021 9:42am
337 Views
Post# 32427870

1015 battery modules received from SYL battery supplier

1015 battery modules received from SYL battery supplierA total of 30,412 kg, assuming energy density of 130 kWh/kg per module, correspond to 30 kg module of 3.9 kWh each.

Enough to produce 170 forklift batteries of 23.4 kWh, if sold at C$25,000 (C$4.25 millions sale) and suppose they purchase battery modules at C$200/kWh (C$790,000 battery module order), will end with a juicy 3.46 millions gain, at least C$2 millions profit.

Should be a cash machine in 2021.

https://www.sylbattery.com/products/podetail/145.html

https://www.importgenius.com/importers/electrovaya-corporation



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