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Electrovaya Inc. (TSX:EFL, OTCQB:EFLVF) announced that its batteries have achieved significant performance milestones during third-party testing at DNV's BEST Test Center. The batteries completed over 9,000 charge/discharge cycles while retaining approximately 87% of their initial capacity. This leads to a projected lifespan of about 14,000 cycles before reaching 80% capacity. The tests highlight the advantages of Electrovaya's Infinity Battery Technology, demonstrating exceptional longevity under heavy-duty conditions. Key performance indicators show no adverse effects at high charge rates between 0.5 and 2C, indicating suitability for demanding applications. The longevity translates to potential operation for decades, reinforcing Electrovaya's positioning in the market for electric vehicles and energy storage solutions.
Electrovaya Inc. (TSX:EFL, OTCQB:EFLVF) is set to host its inaugural Battery Technology & Analyst Day on May 17, 2023, at its headquarters in Mississauga, ON. The event, starting at 11:00 am EST, will feature CEO Dr. Raj DasGupta along with senior management presenting an overview of the company's battery technologies and production plans. A key focus will be on Electrovaya's developments in Solid State Battery (SSB) technology, followed by a Q&A session. Attendance is by invitation only for analysts and media, but a replay will be available on the company's website. Electrovaya is a leader in lithium-ion battery technology, dedicated to sustainable energy solutions, and has acquired a site for a planned Giga factory in New York state. For more details, contact Jason Roy, Director of Corporate Development.
Electrovaya Inc. has finalized its acquisition of a 137,000 square foot manufacturing site in Jamestown, New York, on March 31, 2023. This 52-acre property will serve as the foundation for a planned US Gigafactory, with battery system assembly expected to commence later in 2023. The site has access to low-cost renewable energy and is positioned for significant expansion. Electrovaya's proprietary lithium-ion ceramic cells are designed for electric heavy-duty vehicles and energy storage, addressing a growing demand in these markets.
Electrovaya Inc. (TSX:EFL, OTCQB:EFLVF) announced that all resolutions were approved at its 2023 Annual and Special Meeting held on March 24, 2023. All five directors, including Dr. Sankar Das Gupta and Dr. Carolyn Hansson, were elected with over 98% approval. Goodman & Associates LLP was re-appointed as auditors, and a special resolution for share consolidation passed with 98.92% support. This meeting reinforces shareholder confidence and outlines Electrovaya's commitment to governance. For more details, visit SEDAR.
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