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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 23, 2023 2:07pm
538 Views
Post# 35409455

Think about it

Think about itAn objection on the part of consumers when considering whether to purchase an EV revolves around battery life. The major cost associated with an EV is the batteries. If a consumer is about to buy a new EV for a significant amount of money it would be doubtful that the consumer would want to buy one that ends up needing a battery replacement, prior to the end the vehicles life expectancy. The battery replacement would easily exceed the value of the vehicle. Hence, another new vehicle. I believe its called planned obscillesence, or getting taken for a ride. Enter EFLs newly annouced infinity battery.
Would a consumer consider a higher entry point if the EV offered a three million mile battery life?
What do you think?
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