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Electrovaya Inc T.ELVA

Alternate Symbol(s):  ELVA

Industrials
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 > EFL not only supplier for Toyota forklift
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Comment by Stockholder2008on Mar 17, 2022 8:19pm
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Post# 34523778

RE:RE:RE:EFL not only supplier for Toyota forklift

RE:RE:RE:EFL not only supplier for Toyota forklift
Forklift are sold under Toyota Forklift and Raymond in US same group but two independant companies with their own line of products.
Nick,  You are right.  Toyota can not move to the better Electrovaya battery just yet.  Electrovaya does not have the capacity to handle an additional large customer.  Might be why we have not seen a Vicinity order.  They need to wait until the 2 distribution warehouses orders are shipped.  They are finally going to build out more capacity.  Hopefully the production constraints will not last too much longer.....
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