Electrovaya Announces April 2025 Startup for Jamestown Battery System Assembly Operations
Electrovaya (NASDAQ/TSX: ELVA) has announced an accelerated timeline for its battery system manufacturing operations in Jamestown, New York, with startup now scheduled for April 2025. The company has already begun investing in assembly and testing equipment and is expanding its local workforce.
This battery system assembly operation represents the first phase of Electrovaya's broader U.S. manufacturing investment plan, which encompasses both lithium-ion cells and battery systems. The total investment for this initial phase is expected to exceed $70 million, utilizing the company's 52-acre campus that includes an existing 137,000 square feet industrial building.
The Jamestown facility is set to become Electrovaya's largest manufacturing site, with significant staffing and capital investments planned. The company aims to establish itself as one of the few independent lithium-ion battery manufacturers in the United States, responding to increasing demand for its products in heavy-duty and mission-critical electrified applications.
Electrovaya (NASDAQ/TSX: ELVA) ha annunciato una tempistica accelerata per le operazioni di produzione dei suoi sistemi di batterie a Jamestown, New York, con l'avvio ora programmato per aprile 2025. L'azienda ha già iniziato a investire in attrezzature per l'assemblaggio e il collaudo e sta ampliando la sua forza lavoro locale.
Questa operazione di assemblaggio dei sistemi di batterie rappresenta la prima fase del più ampio piano di investimento nella produzione negli Stati Uniti di Electrovaya, che comprende sia celle agli ioni di litio che sistemi di batterie. L'investimento totale per questa fase iniziale è previsto superare 70 milioni di dollari, utilizzando il campus di 52 acri dell'azienda che include un edificio industriale esistente di 137.000 piedi quadrati.
La struttura di Jamestown diventerà il più grande sito di produzione di Electrovaya, con significativi investimenti in personale e capitale pianificati. L'azienda mira a posizionarsi come uno dei pochi produttori indipendenti di batterie agli ioni di litio negli Stati Uniti, rispondendo alla crescente domanda dei suoi prodotti per applicazioni elettrificate ad alta intensità e mission-critical.
Electrovaya (NASDAQ/TSX: ELVA) ha anunciado un cronograma acelerado para sus operaciones de fabricación de sistemas de baterías en Jamestown, Nueva York, con el inicio programado para abril de 2025. La empresa ya ha comenzado a invertir en equipos de ensamblaje y pruebas y está ampliando su fuerza laboral local.
Esta operación de ensamblaje de sistemas de baterías representa la primera fase del plan de inversión más amplio de Electrovaya en fabricación en EE. UU., que abarca tanto celdas de iones de litio como sistemas de baterías. Se espera que la inversión total para esta fase inicial supere los 70 millones de dólares, utilizando el campus de 52 acres de la empresa que incluye un edificio industrial existente de 137,000 pies cuadrados.
La instalación de Jamestown se convertirá en el mayor sitio de fabricación de Electrovaya, con inversiones significativas en personal y capital planificadas. La empresa busca establecerse como uno de los pocos fabricantes independientes de baterías de iones de litio en los Estados Unidos, respondiendo a la creciente demanda de sus productos en aplicaciones electrificadas de alta carga y críticas para la misión.
Electrovaya (NASDAQ/TSX: ELVA)는 뉴욕주 잼스타운에 있는 배터리 시스템 제조 운영의 가속화된 일정을 발표했으며, 시작일은 2025년 4월로 예정되어 있습니다. 이 회사는 이미 조립 및 테스트 장비에 투자하기 시작했으며, 지역 인력을 확충하고 있습니다.
이 배터리 시스템 조립 작업은 Electrovaya의 미국 제조 투자 계획의 첫 번째 단계로, 리튬 이온 셀과 배터리 시스템을 모두 포함합니다. 이 초기 단계에 대한 총 투자액은 7천만 달러를 초과할 것으로 예상되며, 기존 137,000평방피트 산업 건물이 포함된 52에이커 캠퍼스를 활용할 것입니다.
잼스타운 시설은 Electrovaya의 가장 큰 제조 사이트가 될 예정이며, 상당한 인력 및 자본 투자가 계획되고 있습니다. 이 회사는 미국에서 몇 안 되는 독립적인 리튬 이온 배터리 제조업체 중 하나로 자리 잡기를 목표로 하며, 중장비 및 임무-critical 전기화 응용 프로그램에 대한 증가하는 수요에 대응하고 있습니다.
Electrovaya (NASDAQ/TSX: ELVA) a annoncé un calendrier accéléré pour ses opérations de fabrication de systèmes de batteries à Jamestown, New York, avec un démarrage désormais prévu pour avril 2025. L'entreprise a déjà commencé à investir dans des équipements d'assemblage et de test et élargit sa main-d'œuvre locale.
Cette opération d'assemblage de systèmes de batteries représente la première phase du plan d'investissement plus large d'Electrovaya dans la fabrication aux États-Unis, qui englobe à la fois des cellules lithium-ion et des systèmes de batteries. L'investissement total pour cette phase initiale devrait dépasser 70 millions de dollars, en utilisant le campus de 52 acres de l'entreprise qui comprend un bâtiment industriel existant de 137 000 pieds carrés.
La structure de Jamestown devrait devenir le plus grand site de fabrication d'Electrovaya, avec des investissements importants en personnel et en capital prévus. L'entreprise vise à se positionner comme l'un des rares fabricants indépendants de batteries lithium-ion aux États-Unis, répondant à la demande croissante de ses produits dans les applications électrifiées lourdes et critiques.
Electrovaya (NASDAQ/TSX: ELVA) hat einen beschleunigten Zeitplan für seine Batterie-Systemfertigungsoperationen in Jamestown, New York, angekündigt, mit einem Starttermin, der jetzt für April 2025 geplant ist. Das Unternehmen hat bereits begonnen, in Montage- und Testausrüstung zu investieren und baut seine lokale Belegschaft aus.
Diese Montageoperation für Batteriesysteme stellt die erste Phase des umfassenderen Investitionsplans von Electrovaya für die US-Produktion dar, der sowohl Lithium-Ionen-Zellen als auch Batteriesysteme umfasst. Die Gesamtinvestition für diese Anfangsphase wird voraussichtlich 70 Millionen Dollar übersteigen und nutzt den 52 Hektar großen Campus des Unternehmens, der ein bestehendes Industriegebäude mit 137.000 Quadratfuß umfasst.
Die Einrichtung in Jamestown wird die größte Produktionsstätte von Electrovaya werden, mit erheblichen Investitionen in Personal und Kapital, die geplant sind. Das Unternehmen strebt an, sich als einer der wenigen unabhängigen Lithium-Ionen-Batteriehersteller in den Vereinigten Staaten zu etablieren, um der steigenden Nachfrage nach seinen Produkten in schwerlast- und mission-critical elektrifizierten Anwendungen gerecht zu werden.
- Accelerated timeline for manufacturing startup
- Significant $70M+ investment in U.S. manufacturing capacity
- Large 137,000 sq ft facility already secured
- Growing product demand from heavy-duty applications
- Strategic positioning as one of few independent U.S. battery manufacturers
- Substantial capital expenditure requirements
- Execution risk in scaling manufacturing operations
The Initial Assembly of Battery Systems is Part of a Larger Planned Investment in Jamestown, New York.
JAMESTOWN, NY / ACCESS Newswire / March 3, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that it is completing preparations to be in a position to startup the first phase of battery system manufacturing operations in April 2025, earlier than initially planned. Initial investments into assembly and testing equipment have been made and the team in place in Jamestown is growing with new hires.
Battery System Assembly in Jamestown is the first part of Electrovaya's overall plan to invest in American manufacturing, which includes both lithium ion cells and battery systems, with overall investments estimated to exceed
"We are excited to start these assembly operations in Jamestown, a first step for what will be our largest manufacturing site with the majority of our staffing and capital investments."said Dr. Raj DasGupta, CEO of Electrovaya. "Electrovaya is in an extremely strong position as we embark on these investments where we will be one of very few independent lithium ion battery manufacturers in the US. We also continue making progress with regards to our detailed planning for the larger capital investments associated with our scheduled lithium ion cell manufacturing activities."
Investor and Media Contact:
Jason Roy
VP, Corporate Development and Investor Relations
Electrovaya Inc.
905-855-4618 / jroy@electrovaya.com
About Electrovaya Inc.
Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA) is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries without compromising energy and power. The Company has extensive IP and designs, develops and manufactures proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications.Electrovaya has two operating sites in Canada and a 52-acre site with a 137,000 square foot manufacturing facility in Jamestown New York state for its planned gigafactory. To learn more about how Electrovaya is powering mobility and energy storage, please explore www.electrovaya.com.
Forward-Looking Statements
This press release contains forward-looking statements, including statements that relate to, among other things, revenue, purchase orders, revenue guidance, mass production schedules, ability to deliver to customer requirements and revenue growth forecasts for the fiscal year ending September 30, 2025. Forward-looking statements can generally, but not always, be identified by the use of words such as "may", "will", "could", "should", "would", "likely", "possible", "expect", "intend", "estimate", "anticipate", "believe", "plan", "objective" and "continue" (or the negative thereof) and words and expressions of similar import. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors and assumptions are applied in making forward looking statements, and actual results may differ materially from those expressed or implied in such statements. Statements with respect to the start up time for manufacturing in Jamestown NY, the ability to leverage IRA45X credits, the ability to receive incentives from the state of New York, the ability to improve margins from domestic manufacturing, the ability to attract additional customers through domestic manufacturing, the start up timing for start of production in Jamestown New York. Factors that could cause actual results to differ materially from expectations include but are not limited to macroeconomic effects on the Company and its business, the Company's liquidity and cash availability in excess of its operational requirements, and the ability to generate and sustain sales orders. Additional information about material factors that could cause actual results to differ materially from expectations and about material factors or assumptions applied in making forward-looking statements may be found in the Company's Annual Information Form for the year ended September 30, 2024 under "Risk Factors", and in the Company's most recent annual and interim Management's Discussion and Analysis under "Qualitative And Quantitative Disclosures about Risk and Uncertainties" as well as in other public disclosure documents filed with Canadian securities regulatory authorities. The Company does not undertake any obligation to update publicly or to revise any of the forward looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law.
Contact Information
Jason Roy
VP, Corporate Development and Investor Relations
jroy@electrovaya.com
905-855-4618
SOURCE: Electrovaya, Inc.
View the original press release on ACCESS Newswire
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