Electrovaya ships first battery modules to Japan

Executive Summary

• Electrovaya Inc. has successfully shipped its first custom battery modules to a global Japanese construction equipment OEM from its Canadian manufacturing facility.
• The shipment marks the first commercial delivery of modules featuring a new NMC-based 51Ah cell format utilizing Electrovaya's proprietary Infinity technologies, which enhance safety and cycle life.
• The company plans to tool its planned Jamestown, New York manufacturing facility to produce both the existing 54Ah cell format and the new 51Ah format to meet anticipated demand.

Key Details

• Shipment Details: First battery modules shipped to a global Japanese construction equipment OEM from Canada.
• Product Specifications:
  • Custom-designed for construction and earthmoving equipment.
  • New NMC-based 51Ah cell format.
  • Module capacity: 1.5 kilowatt-hours.
  • Technology: Features Electrovaya's proprietary Infinity technologies for enhanced safety and cycle life.
• Testing & Compliance: Modules passed third-party UN38.3 testing at TUV SUD prior to shipment.
• Manufacturing Strategy:
  • Planned cell manufacturing in Jamestown, New York, will be tooled for two formats:
    • Current 54Ah cell format (used in all existing product lines).
    • New 51Ah cell format (same chemistry/performance, different form factor for distinct customers).
  • Decision driven by anticipated demand for both products.
• Strategic Context: Expansion into heavy-duty applications requiring exceptional performance and safety.

Notable Quotes

• "We're excited to introduce this new cell and module format, as well as to commence product shipments to Japan -- a significant milestone that reflects the growing global demand for our lithium-ion battery technology," said Dr. Raj DasGupta, chief executive officer of Electrovaya.
• "These modules, specifically engineered for construction and earthmoving equipment, represent another step forward in expanding the use of Electrovaya's technology in heavy-duty applications that require exceptional performance and safety."