Electrovaya Receives Initial Purchase Orders Entry into a new market sector of construction vehicles and new geographical market of Japan
TORONTO, ON / ACCESSWIRE / September 10, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA.TO), a lithium ion battery technology and manufacturing company, today announced the receipt of its first purchase orders for pre-production battery modules to be provided to a global Japanese headquartered manufacturer of construction equipment. This will be part of an electric excavator program with an estimated scaled production start in 2026. The initial shipments are expected to be delivered in Q2 FY2025 to a manufacturing site in Japan.
Electrovaya Receives Initial Purchase Orders from Global Japanese Construction Equipment Manufacturer (accesswire.com)