Business
Electrovaya Completes Purchase of an Industrial Site in Jamestown, New York
Will serve as the base for Electrovaya's planned US Gigafactory in Jamestown New York and include...
About this update from Electrovaya Inc.
[{"type":"text","content":"Electrovaya Completes Purchase of an Industrial Site in Jamestown, New YorkWill serve as the base for Electrovaya's planned US Gigafactory in Jamestown New York and includes a 137,000 square foot building on 52 acres.TORONTO, ON / ACCESSWIRE / April 3, 2023 / Electrovaya Inc. (TSX:EFL)(OTCQB:EFLVF), a leading lithium-ion battery technology and manufacturing company, has closed the previously announced purchase of its planned manufacturing site in Jamestown, New York as of March 31 2023. The site includes 52 acres of land, including a building previously utilized for the manufacturing of electronic components. Electrovaya expects to start battery system assembly at the Jamestown facility later in calendar year 2023 and is planning significant investments at the site to enable production of its proprietary lithium ion ceramic cells. Electrovaya's battery products have best in class safety and cycle life and the company sees growing demand in electric heavy duty vehicles and energy storage applications utilizing its technology.The Jamestown site has access to low cost renewable energy as agreed with the New York Power Authority. The site is well connected to transportation, has excellent room for expansion, and has close proximity to the company's existing facilities in Ontario in addition to current and prospective OEM customer manufacturing facilities.For more information, please contact:Jason RoyDirector, Corporate Development and Investor RelationsElectrovaya [email protected] Electrovaya Inc.Electrovaya Inc. (TSX:EFL) (OTCQB:EFLVF) 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. Electrovaya is a technology-focused company with extensive IP, designs, develops, and manufactures proprietary lithium-ion batteries, battery systems, and battery-related products for energy storage, clean electric transportation, and other specialized applications. To learn more about how Electrovaya is powering mobility and energy storage, please explore www.electrovaya.com.Forward-Looking StatementsThis press release contains forward-looking statements relating to the beginning of battery assembly at and investments in its recently acquired Jamestown site, and ...