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Electrovaya to Launch Jamestown Battery Assembly Operations in April 2025

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Electrovaya to Launch Jamestown Battery Assembly Operations in April 2025

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.

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