BRIEF

on Electrovaya, Inc. (NASDAQ:ELVA)

Electrovaya Initiates Capital Purchases for Jamestown Battery Facility

Stock price chart of Electrovaya, Inc. (EBR:ELVA) showing fluctuations.

Electrovaya Inc., a leader in lithium-ion battery technology, announced the start of capital purchases for their Jamestown battery manufacturing facility. The company has also begun the hiring process, aiming to commence battery system assembly by the second quarter of 2025. Initial investments cover battery system manufacturing and testing equipment, alongside engineering work to support future cell manufacturing. This move responds to rising demand in heavy-duty and mission-critical electrified applications.

The New York-based facility marks Electrovaya's push to expand U.S. manufacturing. CEO Dr. Raj DasGupta expressed enthusiasm for this milestone, highlighting ongoing planning for larger investments in lithium-ion cell manufacturing. This strategy aligns with Electrovaya's commitment to meeting increasing demand while enhancing domestic manufacturing capabilities.

R. P.

Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all Electrovaya, Inc. news