Electrovaya Notes Growing Demand For Batteries And Reports Profitable Quarter

Electrovaya boasts of its first major order for the company’s new 40 Ah lithium-ion cell (Litacell-LC40), developed in part thanks to an acquisition of Litarion in Germany from Evonik. Over the next 14 months, Electrovaya is to supply the Litacell-LC40 for energy storage systems as part of a $16 million deal to the Battery… …read more