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Electrovaya to Launch Battery Assembly in Jamestown by April 2025

Graphique de l'évolution du cours de l'action Electrovaya, Inc. (EBR:ELVA).

Electrovaya Inc., a prominent name in lithium-ion battery technology, has announced the launch of its initial battery system assembly operations slated for April 2025 in Jamestown, New York. This development marks an advanced timeline from initial plans, signaling Electrovaya's commitment to expanding its manufacturing foothold in the U.S.

Situated on a 52-acre campus with a 137,000 square foot facility, this operation is the first phase of a projected $70 million investment into U.S.-based battery system and lithium-ion cell manufacturing. The move comes in response to rising demand for heavy-duty electrified applications.

Electrovaya CEO Dr. Raj DasGupta describes the initiative as a strategic step to solidify the company's presence as a leading independent lithium-ion battery manufacturer in the U.S., with further detailed planning underway for larger capital investments.

R. H.

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