Electrovaya Announces MOU with Major Asian Conglomerate

Electrovaya Inc. (TSX:EFL), a company that creates lithium ion battery systems, announced that it has entered into a Memorandum of Agreement with a major Asian conglomerate.

As quoted in the press release:

The MOU contemplates a relationship that includes:

  1. Minority Equity interest in Electrovaya (up to 10%)
  2. Marketing and procurement of Electrovaya’s Lithium Ion batteries in areas such as energy storage for the grid, smart city, smart grid and other sectors where energy storage is necessary
  3. Joint Venture and equity interest in a lithium Ion battery manufacturing plant in India
  4. Procurement of the raw materials and/or facilities necessary for production of Lithium Ion batteries

Click here to read the full Electrovaya Inc. (TSX:EFL) press release.

Get the Latest Lithium Investing Stock Information

Get the latest information about companies associated with Lithium Investing delivered directly to your inbox.


By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Get Our Expert Guide to Lithium Investing - FREE!

Click here to download your FREE INN Report on the lithium market, "Lithium Forecast & Lithium Stocks To Buy".    
Gain Access

Leave a Reply