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Message: New Manufacturing Facility in the US, subject to closing

Electrovaya is taking steps to reduce supply and cost risks. The Company has entered an agreement, subject to closing, on a manufacturing facility in the United States. The intention is to create a lithium-ion battery assembly, cell, and module plant. This facility when operational could augment Electrovaya's current production, reduce lead times on key components, and eventually reduce component cost and provide a secure supply. The Company will provide more information on this initiative as it progresses. The proposed new facility will complement the work being done by Electrovaya at its two other locations in Mississauga, Canada.

Taken from todays PR.  I would guess this is the location R&D has been using in Michigan where they purchased the used equiplent from a defunct battery cell manufacturer.  They have beeen reworking the equipment to make their own cells.  I think they are also manufacturing the cathodes there.  They hired an Engineer a while back to scale up a process, or at least they advertised the position.

It is always good to have a pilot plant.  That helps when it comes to scale up of a large production facility.  Tomorrow's interview with Sankar (Water Tower ) will shed more light on the subject??

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