Bullboard - Stock Discussion Forum Electrovaya Inc T.ELVA

Alternate Symbol(s): ELVA

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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... see more

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Electrovaya Inc > Sumitomo Corporation Power & Mobility

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Post by Stockholder2008 on Apr 29, 2024 8:19am

Sumitomo Corporation Power & Mobility

Looks 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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Comment by KidAtHeart on Apr 29, 2024 9:05am

This one has been on my radar for some time. I appreciate this walkthrough of today's news. What does this mean for the share price? Would you say this is a good time to get in?

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Comment by Stockholder2008 on Apr 29, 2024 9:41am

This could be a good time to get in. Coming up in two week or so will be Qtr 2 earnings report and conference call. Earnings are expected to be good and profitable. Conference call should provide more details. I am assuming that modules would be exported to Japan from Canada. Some of the Canadian production will be pushed to Jamestown NY in a couple of months as the ...more

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Electrovaya Inc