The latest update is out from Electrovaya ( (TSE:ELVA) ).
Electrovaya Inc. has announced the early startup of its battery system assembly operations in Jamestown, New York, set for April 2025. This initiative marks the first phase of a significant investment in American manufacturing, with plans to invest over $70 million in their Jamestown facility. This expansion is driven by increasing demand for Electrovaya’s products in heavy-duty and mission-critical electrified applications, positioning the company as a key independent lithium-ion battery manufacturer in the U.S.
More about Electrovaya
Electrovaya Inc. is a leading company in the lithium-ion battery technology and manufacturing industry, focusing on providing safe and long-lasting batteries to support global energy transformation and combat climate change.
YTD Price Performance: -17.25%
Average Trading Volume: 94,859
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $86.1M
See more insights into ELVA stock on TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com