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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 > All of a sudden
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Comment by Stockholder2008on Jun 15, 2023 6:38am
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Post# 35497506

RE:RE:RE:RE:RE:All of a sudden

RE:RE:RE:RE:RE:All of a sudden
Toyota is an excellent negotiator.  Historically they refused to use someone else's battery and stuck with their own and used a scaled back battery. ie Preius.  Electrovaya is a good negotiator and knows what they have and it's value.  I suspect negotiations have been ongoing for some time now.  If Electrovaya actually has 3 good solid state cells and that is a big IF, then I can see Electrovaya sellng one of them to Toyota.
This has the potential to get very interesting; however, I do not expect any announcements untill after EFL transitions to NASDAQ.  Then the effect will be much greater.
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