Electrovaya and the lithium-ion battery: it has the technology and the production capacity
June 20, 2016 — Sankar Das Gupta, Chairman and Chief Executive Officer of Electrovaya Inc. (TSX: EFL) presented at the 5th Annual Cleantech and Technology Metals Summit, held recently in Toronto.
Electrovaya designs, develops and manufactures proprietary Lithium Ion SuperPolymer® 2.0 batteries, battery systems, and battery-related products for the clean transportation, smart grid power, consumer and healthcare markets. Electrovaya is based in Mississauga, Ontario. It has become a Canadian-German venture with the acquisition of Europe’s gigafactory.
In the video of the presentation, Sankar Das Gupta:
- Says it will cost $16.5 trillion to cut global pollution.
- Cites estimates that the lithium-ion battery market could equal in size the pharmaceutical sector. Electric buses alone are expected to be a $30 billion market by 2026.
- Outlines the combination required to succeed in the Li-ion business: Clear technological superiority, global production, focus and speed, and hyper growth by targeting multiple sectors.
- Details those multiple sectors, from electric ferries, to power storage, to postal delivery vans.
Electrovaya Inc. is an advertorial member of InvestorIntel.
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