Electrovaya Expands U.S. Operations with New Jamestown Facility

The latest update is out from Electrovaya ( (TSE:ELVA) ).

Electrovaya Inc. has initiated capital investments for its new Jamestown battery manufacturing facility, starting with the purchase of assembly equipment and hiring personnel, aiming to begin battery system assembly by the second quarter of 2025. This move is in response to growing demand for lithium-ion batteries in heavy-duty and mission-critical applications, and is part of Electrovaya’s strategy to expand its operations in the U.S., enhancing its market position in the field of energy transformation.

More about Electrovaya

Electrovaya Inc. is a leading company in the global energy transformation industry, focusing on the development and manufacturing of lithium-ion batteries. The company is committed to preventing climate change by providing safe, long-lasting battery solutions for energy storage, electric transportation, and specialized applications. Electrovaya operates facilities in Canada and is expanding its manufacturing operations in the United States, specifically in Jamestown, New York.

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Technical Sentiment Consensus Rating: Buy

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