"I think that is the way it will be for at least 18 months. Sanker said it is profitable and he needs income to epand. The end of 2016 is not only when the German production lines will be fully converted, but is also when the LG contract for cells expires. This tells me that Electrovaya will have cell production capabilities by then. 2017 may see cells being sold to automitive customer."

LG contract for cells expires ????

Daimler just shift to LG but kept a commitment with EFL for a few months, why bet on LG/Electrovaya story ?. 2016 is full conversion of plant but first line of non NMP will come sooner (1-2 NMP coating line strip out at first).

May Seeking alpha CC transcript provide many info on EFL expectation and sales expectation are not in 18 months

"And I’m going to go one-by-one. We’re expecting significant revenue growth in the utility energy storage market and currently have established a sales pipeline to some of the leading utilities and independent power producers in North America. This current pipeline includes a potential of delivering over CAD 45 million in the utility energy storage sector alone in the next 12 months."

Remain same hurdle with electrovaya, can they generate commercial sales or not, bet yes (hope) but reply on at least win contract in 2015.