on Electrovaya, Inc. (NASDAQ:ELVA)
Electrovaya Launches Lithium Iron Phosphate (LFP) Based Infinity Cell
Toronto, ON / ACCESSWIRE / June 12, 2024 / Electrovaya Inc. (Nasdaq:ELVA)(TSX:ELVA), leading in lithium-ion battery technology, announced the release of its Infinity Series Lithium Iron Phosphate (LFP) based cell at the Battery Technology Day event. The new EV-FP-44 cells, featuring LFP chemistry, offer enhanced cycle life and safety at lower costs, maintaining the competitive edge of Electrovaya's Infinity technology.
CEO Dr. Raj DasGupta highlighted the introduction's market potential: "The lower cost profile of LFP based Infinity cells will open new opportunities for us, including the expanding stationary energy storage market to support data center build-outs and high value installations."
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