Electrovaya (TSE:ELVA) has released an update.
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Electrovaya Inc., a lithium ion battery technology firm, has secured its first purchase orders from a major Japanese construction equipment manufacturer, marking its entry into the construction vehicle market and expansion into Japan. These pre-production battery modules, slated for an electric excavator program, are expected to commence scaled production by 2026, with initial deliveries set for the second quarter of FY2025.
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