Electrovaya (TSE:ELVA) has released an update.
Electrovaya Inc., a leader in lithium-ion battery technology, has successfully conducted fire propagation tests on their high voltage battery systems, proving the technology’s capability to prevent fires from spreading. The tests, in line with UL2580 standards, confirm that Electrovaya’s batteries can contain thermal runaway at a single cell level, avoiding catastrophic outcomes commonly associated with such incidents in other battery systems.
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