Electrovaya Inc T.ELVA

micro vs. macro

[MaterialsMan]

With all the problems with the ev batteries that LG supplied to GM for the Chevy Volt, it's unfortunate that Electrovaya was not in a position to take advantage. 
We'd all be in fat city.
I hope that there aren't huge battery gigafactories all over North America before ELVA can produce at scale. 
Management says that there is plenty of manufacturing capability to satisfy demand until Jamestown comes online.
The problem is if major customers come knocking at the door they get turned away.
Electrovaya has a tough task ahead to try and meet demand with minimal capital available to increase production capacity more quickly than we would all like.
I think it's that simple.
I hope the specialty business saves the day.

[Stockholder2008]

I have been driving a Chevy Volt since 2013.  When it was 5 years old GM gave me free communications with their OnStar so they could get battery data.  They needed data for warranty purposes.  About a year later the check engine light came on.  I took it in to be checked and said "Please don't tell me it is the battery".  "It's the battery"

[MaterialsMan]

S2008, Congrats, you may have been lucky enough to have gotten one before LG got into the act. The business news this morning said LG was forking over 150 million to either GM or its customers, for problems involving mostly safety issues like fires. At least that's the way I understood it.