On track to meet automotive targets for lithium metal & solid state batteries. Achieved ~94% capacity retention after 300 cycles, scaled to multilayer pouch cell, demonstrating larger cell formats

TORONTO, ON / ACCESSWIRE / April 13, 2022 / Electrovaya Inc. ("Electrovaya" or the "Company") (TSX:EFL)(OTCQB:EFLVF), a lithium-ion battery manufacturer with differentiated intellectual property that allows heightened safety and improved longevity, today announced that it has achieved breakthrough performance results for its proprietary solid state hybrid lithium metal battery technology at its Electrovaya Labs division. The results support opportunities to significantly expand Electrovaya's product offerings and customer base over the long term.