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Bullboard - Stock Discussion Forum 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... see more

TSX:ELVA - Post Discussion

Electrovaya Inc > Good news?
View:
Post by MaterialsMan on Nov 14, 2024 7:27pm

Good news?

I guess. But I wonder why it will take over a year to get up and running.
Comment by Stockholder2008 on Nov 19, 2024 5:05pm
One year construction time for a battery plant is Fast.  Normally it takes two years minimum.  Electrovaya has a jump on the process by having a building already up.  PPlus they have located/relocated utilities to fit with the proposed production line.   What is also good is that Electrovaya says they have enough demand to ramp up to 3 shifts immediately.   ...more  
Comment by Stockholder2008 on Nov 20, 2024 10:33am
50 million dollars to construct is CHEAP, cheap.  Just a small battery plant costs 250 mil to construct.  Not only does Electrovaya have a building but their cell assembly process is different.  They use their own patented dry (Environmentally friendly) process.  They do not use the hazardous solvents everyone else uses and have to dispose of.  The result is a less ...more  
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