Re: Question on DongFeng Motors situation
posted on
Apr 07, 2014 06:05PM
(Edit this message through the "fast facts" section)
They did not deliver the prototype systems in Jan. of 2013, they signed the agreement then. The deliveries began in May http://www.marketwired.com/press-release/electrovaya-starts-delivery-lithium-ion-superpolymerr-20-batteries-dongfeng-motors-its-tsx-efl-1787912.htm. From what I have heard there was at least one more updated prototype system shipped to dongfeng and the last I heard (a couple of months ago) they were road testing the systems. I am wondering if that is why they hired Ralph E. Lean to either negatiate a contract with Dongfeng or raise capital for expansion as these are his areas of expertese. Hope to hear something soon. The SP is holding strong and we know they have three shifts running so something positive is happening. Also just to update the Uk project, the first storage unit has been shipped but there has been a change in the contract. They have added more storage units and changed the specs. a bit. The original deadline for installations has been pushed back and instead of having the first two installed this spring all of the systems will be installed by November 2014. This delay is not the fault of Electrovaya but due to changes in the specifications of the storage units made by the contractor. The last announcement regarding Canadian Solar is huge, they are a major solar panel producer and have projects all over the world. It looks like they are just getting involved in micro-grids and it would be fantastic news if Electrovaya were to partner with them in the future on micro-grids. http://investors.canadiansolar.com/phoenix.zhtml?c=196781&p=irol-newsArticle&ID=1908951&highlight=