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Message: Re: Found it!

Jul 09, 2022 11:53AM

Jul 09, 2022 12:24PM

Jul 09, 2022 12:39PM

Jul 09, 2022 12:53PM

On March 10th, Electrovaya gave a "Business Update".  A section labeled "Supply chain disruptions currently represent the most significant challenge in meeting customer demand." 

Electrovaya is taking steps to reduce supply and cost risks. The Company has entered an agreement, subject to closing, on a manufacturing facility in the United States. The intention is to create a lithium-ion battery assembly, cell, and module plant. This facility when operational could augment Electrovaya’s current production, reduce lead times on key components, and eventually reduce component cost and provide a secure supply. The Company will provide more information on this initiative as it progresses. The proposed new facility will complement the work being done by Electrovaya at its two other locations in Mississauga, Canada.

We know  that they are talking about 1 Precision Way, Jamestown, NY., a 4 building campus on 52 acres.    I am guessing here, but maybe by Jan 23 they will tell us about the bus battery customer in NY.

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Jul 16, 2022 11:57AM
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