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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

Comment by Stockholder2008on May 01, 2024 6:18am
76 Views
Post# 36016617

RE:RE:RE:RE:RE:Could this be it?

RE:RE:RE:RE:RE:Could this be it?The Electrovaya infinity battery has eliminated the need for swapping like the old liquid lead acid batteries in forklifts.  That is one of their advantages, increased operating time.  It looks like Sumitomo is contemplating battery swapping for large construction equipment or mining equipment.  Mining equipment would be my guess.  I believe that would be something new.

Another thought is Gogoro's battery swapping has nothing to do with Electrovaya. "It’s hard to overstate Sumitomo’s magnitude, owning over 900 subsidiary companies with 80,000 employees. With a reach across broad industries including automotive, transportation & construction systems, and diverse urban development, Sumitomo is poised to help drastically expand the use of Gogoro’s swappable battery standard."  They have plenty of other opportuities WORLD WIDE. 
https://electrek.co/2024/04/29/gogoro-announces-major-partnership-to-help-accelerate-global-expansion/
 
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