Business
Electrovaya Announces Commencement of Jamestown Battery Manufacturing Facility Capital Purchases and Hiring
The Company has begun placing initial purchase orders for battery system assembly equipment along...
About this update from Electrovaya Inc.
[{"type":"text","content":"Electrovaya Announces Commencement of Jamestown Battery Manufacturing Facility Capital Purchases and HiringThe Company has begun placing initial purchase orders for battery system assembly equipment along with commencing hiring with the goal of starting battery assembly by CY Q2 2025 JAMESTOWN, NY / ACCESSWIRE / January 14, 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 has begun making capital investments for its planned Jamestown battery manufacturing facility along with hiring initial personnel. These initial procurements include battery system manufacturing and testing equipment along with awarding engineering work to prepare for further investments pertaining to planned cell manufacturing investments. These initial investments are meant to provide the Company an ability to start battery system assembly by calendar year Q2 2025. Electrovaya has increasing demand for its products from a wide range of heavy duty and mission critical electrified applications, and it has been a priority of the Company to expand its manufacturing operations in the United States for these vital products.\"We are excited to start these initial investments at our Jamestown facility with the aim of being able to start assembly in the near term\" said Dr. Raj DasGupta, CEO of Electrovaya. \"We are also making progress with regards to our detailed planning for the larger capital investments associated with the planned lithium ion cell manufacturing activities.\"Investor and Media Contact:Jason RoyVP, Corporate Development and Investor RelationsElectrovaya Inc.905-855-4618 / [email protected] 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 135,000 square foot manufacturing facility in Ja...