Electrovaya and Sumitomo Corporation Power & Mobility Enter into Supply Agreement for Electrovaya Lithium Ion Battery Products [Yahoo! Finance]
Electrovaya Inc. (ELVA)
Company Research
Source: Yahoo! Finance
supply agreement with the intention to supply battery modules to a leading Japanese construction equipment OEM TORONTO, ON / ACCESSWIRE / April 29, 2024 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a lithium ion battery technology and manufacturing company, today announced the establishment of a Supply Agreement with Sumitomo Corporation Power & Mobility ("SCPM"), a 100% subsidiary of Sumitomo Corporation (8053). The Supply Agreement will initially cover the supply of battery modules to leading Japanese construction equipment manufacturers. The Supply Agreement will also be used for any subsequent contracts. Together, the partners have begun introducing Electrovaya battery products to multiple OEMs and potential customers, primarily in the Asia-Pacific region. "We are excited to work with Electrovaya who has unique and specific character of Lithium Ion Battery products. We are ready to work together for our future growth with Electrovaya" said SCPM.
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ELVA
News
- Electrovaya Inc. (NASDAQ: ELVA) had its price target lowered by analysts at Craig Hallum from $10.00 to $9.00. They now have a "buy" rating on the stock.MarketBeat
- Electrovaya Inc. (NASDAQ: ELVA) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $16.00 price target on the stock.MarketBeat
- Electrovaya Inc. (NASDAQ: ELVA) had its "buy" rating re-affirmed by analysts at Roth Mkm. They now have a $8.00 price target on the stock.MarketBeat
- Electrovaya Reports Second Quarter FY2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Electrovaya Reports Second Quarter FY2024 Financial Results Accesswire
ELVA
Sec Filings
- 5/14/24 - Form 6-K
- 5/14/24 - Form 6-K
- 5/14/24 - Form 6-K
- ELVA's page on the SEC website