Electrovaya’s Litarion subsidiary receives €18.5M non-automotive Li-ion contract

Green Car Congress
By mmillikinSep 1, 2015, 9:09 am70 pts
Electrovaya Inc.’s wholly owned subsidiary, Litarion GmbH, has signed a contract for about €18.5 million (US$21 million) to supply Lithium-ion battery products to a German company in the non-automotive space. About €2.8 million (US$3.2 million) of the contract will be delivered in 2015. As part of our…

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