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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 MaterialsManon Apr 22, 2023 5:20pm
312 Views
Post# 35408986

Serious income

Serious incomeThe major EV manufacturers seem to be having a lot of  problems with recalls and fires. Ford, for example has told tens of thousands of their customers not to park in their garage, plus they have to recall those vehicles. It would seem to  me that Ford and others would be willing to pay substantial sums to mitigate this threat. I believe they could purchase rights to EFL technology as a remedy. If this is feasable, and if EFL charged enough to make it worth their while, it would result in a big boost to their current efforts. Not sure if this is even feasible. Additionally, new EV owners seem to be used as guinea pigs to help get the kinks out. Electrovaya does very extensive testing thereby elimenating potential problems. Their infinity battery technology would also help the EV people with battery life issues.


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