Electrovaya Inc. (TSE:ELVA) has released an update.
Electrovaya Inc. has announced a significant supply agreement with Sumitomo Corporation Power & Mobility to provide lithium-ion battery modules for major Japanese construction equipment manufacturers. This partnership is expected to enhance Electrovaya’s presence in the Asia-Pacific market and capitalize on its battery technology’s safety and longevity. The collaboration signifies a strategic growth initiative for both companies in the heavy duty electrification sector.
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