emobility is large definition and includes forklift, scooter, automated guided vehicles, ferry, airport/port machinery ...

Mercedes make it clear its shift to LG cells as it gave ... back on cells production with Evonik. Electrovaya mention several times that automotive is not key target as first most difficult market and second not the one with best margin vs forklift, utilities, storage, ...

Fact that Daimler kept 27 people in R&D lab means they have +27 headcounts employees, peanuts at their level, good news for electrovaya is maybe access to Li-Tec for toll assembly of electrodes in batteries. Best will have been they gave up also on cell manufacturing at Daimler and transfer world class asset to Litarion/Electrovaya at low cost.

Like that Litarion could be high quality source of electrodes and cells, and Electrovaya in Mississauga refocus on engineering, system design, software, etc.

Most important is to have high quality capability of low cost non-NMP coating, cell production equipment is quite standard and as mention during CC available at several place.