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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

Bullboard Posts
Comment by Kanuckon May 19, 2005 9:51am
77 Views
Post# 9055274

RE: miljobil grenland

RE: miljobil grenlandThis is fantastic... I take it all back Electrovaya has been awake. They've found an excellent partner... Norsk Hydro has shares in Miljobil Grenland... Yeh jug there real puny to the tune of billions in revenue. Market should prove ripe for zero-emission vehicles 1 February 2002 May 2000: WITH a strong environmental reputation, Norway provides a ready market for zero-emission electric vehicles, with fleets the principal buyers. Peugeot is the largest supplier of electric cars in Norway, and Norway is Peugeot's biggest export market for electric cars. This does not mean, however, that there are thousands of electric cars on Norwegian roads. So far, the Norwegian importer of Peugeot, Bertel O Steen AS, has delivered 130 electric 106s and Partners, and all have been supplied to fleets. The Peugeots are leased through Grenland-based Miljobil Grenland AS (Environmental Car Grenland Ltd), in which Norsk Hydro is a shareholder, together with the environmental organisation Bellona and the French electricity company EDF. Fleet customers are mainly public service organisations, from district nurses to the postal service, and Norsk Hydro also operates electric vehicles. Interestingly, the local Grenland branch of Norway's biggest pizza chain, Peppe's Pizza, is now delivering its products to its customers by electric vehicles. Although electric vehicles are free of import taxes, which in Norway are very high, they are still expensive compared to conventional cars with internal combustion engines, because of the cost of the batteries. So even with local production of Th!nk, electric vehicles are not expected to take a very high proportion of the car market. By mid-April only 61 Th!nk vehicles had been registered in Norway, a large proportion of the customers being energy companies. Hybrid cars may have a brighter future among fleet operators, though. The Toyota Prius will be launched into the Norwegian market this September, and many fleet operators have already shown interest in the car, according to Toyota Norway. There will be tax exemptions for the weight of the electric motor and the battery pack, as well as for the power of the electric motor (import taxes are based on vehicle weight and engine size and power), which altogether will reduce the price difference between a hybrid vehicle and a conventional internal combustion engine vehicle. In this way, companies can show an environmentally-friendly image at a reasonable cost. Jorgen Seemann Berg is a leading Norwegian motoring journalist. << back
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