Expanding Electrovaya's addressable market with the New Infinity LFP cells TORONTO, ON / ACCESSWIRE / June 12, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (Nasdaq:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, today announced the launch of its first Infinity Series Lithium Ion Phosphate (LFP) based cell at its annual Battery Technology Day event. The newly developed EV-FP-44 cells, features LFP chemistry and retains the key competitive advantages of Electrovaya's Infinity technology with respect to enhanced cycle life and safety, while also providing lower costs.
"We are thrilled to introduce our first LFP based Infinity cells to the market. We expect that given the lower cost profile, the LFP based Infinity cell will open up new market opportunities for Electrovaya, including the fast growing stationary energy storage market to support growing data center build-outs and other high value installations" said Dr. Raj DasGupta, CEO at Electrovaya.
"With enhanced longevity, safety, and cost-effectiveness, our latest EV series continues to demonstrate the core advantages of Electrovaya's Infinity technology." Image of the EV-FP-44 For more information, please contact: Jason Roy VP, Corporate Development and Investor Relations Electrovaya Inc. 905-855-4618 jroy@electrovaya.
com Brett Maas Hayden IR [email protected] 646-536-7331 About Electrovaya Inc. Electrovaya Inc.
(NASDAQ:ELVA)(TSX:ELVA) is a pioneering leader in the global ener.
