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Message: Former Chrysler head LaSorda sees opportunities for Electrovaya in Europe, Asia

Former Chrysler head LaSorda sees opportunities for Electrovaya in Europe, Asia

posted on Mar 30, 2010 08:12PM

http://www.metronews.ca/edmonton/live/article/491185--former-chrysler-head-lasorda-sees-opportunities-for-electrovaya-in-europe-asia--page0

Excerpt...

Former Chrysler head Tom LaSorda sees opportunities for Toronto-based Electrovaya Inc. to supply electric automakers in both Europe and Asia with lithium-ion batteries.

"In Europe it's a big space. I believe we'll make contacts there, as well as throughout Asia," LaSorda, now a director and special adviser at Electrovaya, said in an interview Tuesday.

"There's a lot of battery suppliers in Asia. However, there's a lot of car companies looking (for suppliers) as well. So I would say, yes, we'll approach a number of companies to see their level of interest."

LaSorda acknowledged that he hadn't heard of Electrovaya when he was approached to join its board, but was attracted to its emission-and toxin-free manufacturing process, its suite of products and its lack of debt.

He said he expects demand for electric vehicles to grow rapidly as commercial versions become available towards the end of this year, and he'll use his auto industry expertise to help Electrovaya CEO Sankar Das Gupta take advantage of this.

LaSorda said he will "assist Sankar and his team in the major negotiations and major deal arrangements with various customers in the different types of spaces we'd want to go into, whether it be auto, storage or other commercial-based products."

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