Electrovaya Inc T.ELVA

EFL not only supplier for Toyota forklift

[SafSaf]

DELTA

“By the end of 2021, 55% of our ATL Delta Cargo facility will be powered by Flux Power lithium-ion Toyota forklifts. With these maintenance free batteries and Toyota's T360 support program, we have significantly reduced our operating costs and increased uptime.”

Rick Mitacek - GSE System Asset Manager

[Stockholder2008]

Yes,  Toyota may just be in a trial with Electrovaya and could decide to use either based on customer preference.  Especially if the customer has installed infrastructure for Flux Power Batteries.  Just something to watch.  If it is a trial, then don't expect to get any information out of Electrovaya as they don't talk specifics on trials. OR Toyota could be using

[iUnicorn]

But Raymond (Toyota) published a study that comapres all the lithium-ion batteries in the market today and says EFL's is by far the best. Explain that? It is available for download front and center on its energy essentials webpage.

[SafSaf]

Forklift are sold under Toyota Forklift and Raymond in US same group but two independant companies with their own line of products.

[Stockholder2008]

Forklift are sold under Toyota Forklift and Raymond in US same group but two independant companies with their own line of products. Nick,  You are right.  Toyota can not move to the better Electrovaya battery just yet.  Electrovaya does not have the capacity to handle an additional large customer.  Might be why we have not seen a Vicinity order.  They need to wait until

[GordonB]

But will they actually make good money on the orders? Twenty year history says no.