Electrovaya (TSE:ELVA) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.
For further insights into TSE:ELVA stock, check out TipRanks’ Stock Analysis page.