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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 Stockholder2008on Apr 29, 2024 8:19am
142 Views
Post# 36012252

Sumitomo Corporation Power & Mobility

Sumitomo Corporation Power & MobilityLooks like modules will be produced in Mississaugua and shipped to Japan.  That would mean some  of Raymond module (Maybe all) assembly would be pushed down to Jamestown.  This would be beneficial as the IRA (Investment Recovery Act) would rebate to Jamestown for this production thus increasing the gross margin on that equipment.
As the Japanese market expands it will increase the likely hood of a Japanese cell/module factory in Japan.  Eliminating the shipping of cells to Canada and shipping modules back to Japan, reducing cost and delays. 

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