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Message: Follow the money

LG have their own ceramic coated separators production since years, no reason to wait for a supply to LG of separion, if this was due to come doubt they will have got separion for almost free ...

That Daimler was shifting to LG cells to produce their pack was a fact well before Litarion acquisition not a bad news nor surprise as such for Electrovaya, Daimler will maintain a minimal activity for Li-Tec but for R&D purpose.

Most important is that EFL secure a first deal with a Chinese battery company at a time where ceramic coated separators (SRS) are becoming a standard for advanced lithium ion batteries and lithium ion market is growing faster than ever in storage, EVs and industrial, LG is N°1 worldwide for EV's batteries and use SRS since years.

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