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As EV Manufacturers Look To Reduce Fire Hazards, Electrovaya Aims To Offer The Safest Lithium Ion Battery In The Industry
(NewsDirect) As electric vehicles (EVs) from Tesla Inc. (NASDAQ: TSLA), General Motors ...
About this update from Electrovaya Inc.
[{"type":"text","content":"As EV Manufacturers Look To Reduce Fire Hazards, Electrovaya Aims To Offer The Safest Lithium Ion Battery In The Industry\n \n \n (NewsDirect)\n \n \n As electric vehicles\n(EVs) from\n \n Tesla Inc.\n \n (NASDAQ: TSLA),\n \n General Motors Co.\n \n (NYSE: GM),\n \n Ford Motor Co.\n \n (NYSE: F) and\n \n Stellantis NV\n \n (NYSE: STLA)\n \n \n catch\nfire in the wake of Hurricane Ian\n \n \n , manufacturers have placed\nrenewed urgency on finding safer, less fire-prone batteries to power\ntheir EVs.\n \n \n The\noutbreak of EV fires mirrors the aftermath of Hurricane Sandy in 2012\nwhen over 300 EVs manufactured by\n \n Fisker Inc.\n \n (NYSE: FSR)\n \n \n caught fire\n \n \n in Newark, New\nJersey.\n \n \n To address\nthose serious safety issues,\n \n Electrovaya Inc.\n \n (OTCQB: EFLVF)\nhas spent decades refining its proprietary Infinity Battery platform\nto offer one of the safest lithium-ion batteries on the market.\nHere’s what sets its technology apart from the rest.\n \n \n Solving Lithium Ion Battery Safety Issues\nRemains An Industry Wide Challenge\n \n \n Leading EV battery suppliers like\n \n LG Energy\nSolution Ltd.\n \n (KRX: 373220),\n \n Panasonic Holdings\n \n (OTCMKTS:\nPCRFY) and\n \n Contemporary Amperex Technologies Co. Ltd.\n \n (SHE:\n300750) have been working hard to improve the safety of their\ntechnology but still face regular recalls. That’s because\nlithium-ion batteries are fire-prone by nature. The liquid electrolyte\nthat the battery’s charge flows through is a highly flammable\nsolvent.While certain design features can help minimize safety and\nfire risk, defective materials, damage, or the gradual degradation of\nmaterials with time can all make the battery more vulnerable to\nfailure.\n \n \n Electrovaya’s Infinity\nBattery Aims to Set the Standard for Safety in Lithium Ion Technology\n \n \n To make its\n \n \n Infinity\nBattery\n \n \n platform as safe as possible, Electrovaya uses a pouch\ncell design with a proprietary electrolyte optimized to withstand high\ntemperatures and a unique woven ceramic separator that can withstand\nextreme heat.\n \n \n That design ensures multiple levels of thermal protection to\ndecrease the likelihood of a fire while the pouch cell design offers a\nfinal stop-gap safety measure to contain any fire within the\nsub-module where it ig...