Electrovaya subsidiary signs MOU with e-mobility OEM for Li-ion battery modules

Green Car Congress
By mmillikinJul 6, 2016, 10:29 am82 pts
Electrovaya Inc. announced that its wholly owned subsidiary Litarion GmbH signed a Memorandum of Understanding (MOU) with a major OEM in the e-mobility industry for the delivery of battery modules starting in 2017. Demand is estimated to be about €37 million (US$41 million) in the first year, with growth…

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