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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 15, 2024 10:02pm
175 Views
Post# 35990774

Storage

StorageStockholder2008,
I did not see your March posts until now. Got a few irons in the fire.
Your mention of the battery storage market is timely.
The electric grid in the States is being overwhelmed for a variety of reasons.
Battery storage units will play a huge part in aleviating the situation.
Problem is the Big Boys in the business have the market wrapped up, plus, there is a worldwide glut of Lithium Ion batteries.
It will serve Electrovaya well if it can find a niche like they did with the forklift industry.
There may be special situation opportunities out there.
ELVA cannot compete with Korea, Japan and China. And they supply the GEs of the world for cheap.
The U.S. is currently too chicken to put tariffs on imports. Maybe that will change.
It may become a very tough row to hoe, but your mention of what may be in the works can keep our hopes alive.
It's a jungle out there.
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