Hope recent news on plant aquisition will not end like last year scoop ... nowhere.
Otherwise one day or an other they will enter Guiness books for records MOU signs.
Toronto, Ontario December 30, 2013
Partnerships with Global Leaders
In addition to new customer relationships, Electrovaya signed a MOU with one of the largest global conglomerates head-quartered in Asia. MOU includes plans for:
Minority Equity interest in Electrovaya (up to 10%)
Marketing and procurement of Electrovaya’s lithium ion batteries in the energy storage sector
Join Venture and equity interest in a lithium ion battery manufacturing plant in India
Procurement of the raw materials and or facilities necessary for production of lithium ion batteries
