Many article relating to implementing battery unit in Europe by LG and Samsung, and do not forget longer term Tesla.

Nice to heard of 3 digits pipeline but still means nothings if LG or Samsung were relating to pipeline for their financial will be 4/5 digits numbers.

Litarion great move for sure in addition to Separion but many concerns remains for Electrovaya, first they are behing market right now, prototype in Scotland and Con Edison but BYD, LG, Samsung, SAFT are fullfilling already large commercial orders, especially 100ME order for LG in Germany (storage).

Cycling results in last presentation show as Litacell from Daimler results are Li-Tec results because data they show need two years to be performed, OK that's the same coating and can assume similar performance but a cat is a cat and when it is time to fulfill commercial orders and not prototype needs more than smilling daughter on youtube to sign large contract.

Other concerns is that they claim to be lower cost based on "hollistic cost" (the new favorite Sankar word with pipeline), means we make 9000 cycles others 4500 so for same price we are half the cost, great but if batteries performs 20 years large customers needs to be convinced that company will be their in 20 years.

Overall positive news but remains risk, kept a few thousand on TFSA as for short/medium term SP could surge :-)

Maybe coming weeks will be great and time will come to take some profit.

•BMW confirms commitment to using Samsung battery technology

http://www.bmwblog.com/2015/11/23/bmw-confirms-commitment-to-using-samsung-battery-technology/

•LG Chem to Build EV Battery Plant in Europe

http://english.chosun.com/site/data/html_dir/2015/09/24/2015092401020.html