Electrovaya Announces Start of Battery System Manufacturing in Jamestown, NY
Electrovaya Inc. (NASDAQ:ELVA) has initiated battery system assembly operations at its Jamestown, New York facility. The company has ordered over $40 million in capital equipment, funded through a $51 million direct loan from the Export Import Bank of the United States, to prepare for lithium ion cell and module production starting in mid-2026.
Equipment delivery will begin in late 2025, with full commercial production of lithium ion cells and modules scheduled for mid-2026. The company aims to establish itself as a leading domestic lithium ion battery manufacturer in the United States, with the Jamestown facility playing a crucial role in meeting growing demand for Electrovaya's battery systems.
Electrovaya Inc. (NASDAQ:ELVA) ha avviato le operazioni di assemblaggio dei sistemi batteria presso la sua struttura di Jamestown, New York. L'azienda ha ordinato oltre 40 milioni di dollari in attrezzature capitali, finanziate tramite un prestito diretto di 51 milioni di dollari dalla Export Import Bank degli Stati Uniti, per prepararsi alla produzione di celle e moduli agli ioni di litio a partire da metà 2026.
La consegna delle attrezzature inizierà alla fine del 2025, con la produzione commerciale completa di celle e moduli agli ioni di litio prevista per metà 2026. L'azienda punta a diventare un produttore leader di batterie agli ioni di litio negli Stati Uniti, con la struttura di Jamestown che giocherà un ruolo fondamentale nel soddisfare la crescente domanda dei sistemi batteria di Electrovaya.
Electrovaya Inc. (NASDAQ:ELVA) ha iniciado las operaciones de ensamblaje de sistemas de baterías en su instalación de Jamestown, Nueva York. La compañía ha ordenado más de 40 millones de dólares en equipos de capital, financiados mediante un préstamo directo de 51 millones de dólares del Banco de Exportación e Importación de los Estados Unidos, para prepararse para la producción de celdas y módulos de iones de litio a partir de mediados de 2026.
La entrega del equipo comenzará a finales de 2025, con la producción comercial completa de celdas y módulos de iones de litio programada para mediados de 2026. La compañía aspira a consolidarse como un fabricante líder nacional de baterías de iones de litio en Estados Unidos, con la instalación de Jamestown desempeñando un papel crucial para satisfacer la creciente demanda de los sistemas de baterías de Electrovaya.
Electrovaya Inc. (NASDAQ:ELVA)는 뉴욕 주 제임스타운 시설에서 배터리 시스템 조립 작업을 시작했습니다. 회사는 미국 수출입은행으로부터 받은 5,100만 달러 직접 대출을 통해 자금을 조달하여, 4,000만 달러 이상의 자본 장비를 주문했으며, 2026년 중반부터 리튬 이온 셀 및 모듈 생산을 준비하고 있습니다.
장비 납품은 2025년 말부터 시작되며, 리튬 이온 셀과 모듈의 완전 상업 생산은 2026년 중반에 예정되어 있습니다. 회사는 제임스타운 시설을 중심으로 미국 내 선도적인 리튬 이온 배터리 제조업체로 자리매김하여 Electrovaya의 배터리 시스템에 대한 증가하는 수요를 충족시키는 데 중요한 역할을 할 계획입니다.
Electrovaya Inc. (NASDAQ:ELVA) a lancé les opérations d'assemblage des systèmes de batteries dans son site de Jamestown, New York. L'entreprise a commandé plus de 40 millions de dollars d'équipements, financés par un prêt direct de 51 millions de dollars accordé par la Banque d'Export-Import des États-Unis, afin de se préparer à la production de cellules et modules lithium-ion à partir de mi-2026.
La livraison des équipements commencera fin 2025, avec une production commerciale complète des cellules et modules lithium-ion prévue pour mi-2026. L'entreprise vise à s'imposer comme un fabricant national leader de batteries lithium-ion aux États-Unis, le site de Jamestown jouant un rôle clé pour répondre à la demande croissante des systèmes de batteries d'Electrovaya.
Electrovaya Inc. (NASDAQ:ELVA) hat mit der Montage von Batteriesystemen in seiner Anlage in Jamestown, New York begonnen. Das Unternehmen hat über 40 Millionen US-Dollar an Investitionsgütern bestellt, finanziert durch ein direktes Darlehen in Höhe von 51 Millionen US-Dollar von der Export-Import-Bank der Vereinigten Staaten, um die Produktion von Lithium-Ionen-Zellen und -Modulen ab Mitte 2026 vorzubereiten.
Die Lieferung der Ausrüstung beginnt Ende 2025, die volle kommerzielle Produktion von Lithium-Ionen-Zellen und -Modulen ist für Mitte 2026 geplant. Das Unternehmen möchte sich als führender inländischer Hersteller von Lithium-Ionen-Batterien in den USA etablieren, wobei die Anlage in Jamestown eine entscheidende Rolle bei der Deckung der steigenden Nachfrage nach Electrovayas Batteriesystemen spielen wird.
- Secured $51 million EXIM Bank loan for manufacturing expansion
- Ordered $40 million in capital equipment for production capabilities
- Started battery system assembly operations in Jamestown facility
- Strategic expansion towards domestic lithium ion battery manufacturing in the US
- Full lithium ion cell production won't start until mid-2026
- Significant time gap between equipment delivery (late 2025) and full production (mid-2026)
Insights
Electrovaya commences US manufacturing with $40M equipment investment backed by $51M EXIM loan, positioning for full battery cell production by mid-2026.
Electrovaya's commencement of battery system assembly operations in Jamestown, NY represents a significant strategic milestone in the company's US manufacturing expansion. This initial phase establishes the foundation for their ambitious plan to launch full lithium-ion cell and module production by mid-2026.
The capital structure supporting this initiative is substantial, with Electrovaya placing over
The company's phased implementation approach demonstrates strategic operational discipline. By establishing system assembly operations first, Electrovaya creates an opportunity to build team capabilities, refine manufacturing processes, and establish quality control systems before tackling the more complex cell production technology. This methodical scaling minimizes execution risk while developing institutional knowledge.
This expansion aligns with broader US industrial policy objectives to strengthen domestic battery supply chains. As various industries accelerate electrification initiatives, establishing local manufacturing provides Electrovaya potential competitive advantages in serving US customers who prioritize or require domestic suppliers.
While the press release doesn't quantify current production capacity or specific growth projections, the substantial capital investment signals confidence in future demand trajectories. The extended timeline to full production capability (mid-2026) indicates this is a long-term strategic initiative rather than a response to immediate demand pressures.
This development positions Electrovaya to potentially capture greater market share in the growing battery systems sector while building manufacturing credentials that may prove increasingly valuable in today's emphasis on supply chain security and localization for critical components.
Key Milestone as part of Electrovaya's Manufacturing Investment in Jamestown, New York
JAMESTOWN, NY / ACCESS Newswire / May 7, 2025 / Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, announces that it has commenced battery system assembly operations at its Jamestown, New York facility. These operations will continue to expand with growth in demand for Electrovaya's battery systems and as the Company gets closer to starting its lithium ion cell and module production which is estimated to begin in mid 2026.
In preparation for the cell and module manufacturing plans, Electrovaya has thus far placed over
"We are excited to begin manufacturing operations for Electrovaya's Infinity Battery systems here in Jamestown." said Lee Gilmore, General Manager of Electrovaya's Jamestown Operations. "Our team continues to grow and gain experience in lithium ion battery system manufacturing and support the investments being made at this facility."
"Through these initial operations in Jamestown, Electrovaya will be well positioned to support continuing demand growth" said Raj DasGupta, CEO at Electrovaya. "Furthermore, by building a strong team now, we will be able to hit the ground running when it comes time to commence our lithium ion cell manufacturing operations next year and support our strategic plan to become a leading domestic lithium ion battery manufacturer in the United States."
Investor and Media Contact:
Jason Roy
VP, Corporate Development and Investor Relations
Electrovaya Inc.
jroy@electrovaya.com / 905-855-4618
About Electrovaya Inc.
Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA) is a pioneering leader in the global energy transformation, focused on contributing to the prevention of climate change by supplying safe and long-lasting lithium-ion batteries. The Company has extensive IP and designs, develops and manufactures proprietary lithium-ion batteries and battery systems for energy storage and heavy duty electric vehicles based on its Infinity Battery Technology Platform. This technology offers enhanced safety and industry leading battery longevity. The Company is also developing next generation solid state battery technology at its Labs division. Headquartered in Ontario, Canada, Electrovaya has two operating sites in Canada and a 52-acre site with a 135,000 square foot manufacturing facility in New York State. To learn more about Electrovaya, please explore www.electrovaya.com.
Forward-Looking Statements
This press release contains forward-looking statements, including statements that relate to, among other things, revenue, purchase orders, anticipated growth in demand, order growth and customer demand in FY 2025, future business opportunities, startup of Jamestown cell and module manufacturing operations in 2026 and the ability to deliver to customer requirements. Forward-looking statements can generally, but not always, be identified by the use of words such as "may", "will", "could", "should", "would", "likely", "possible", "expect", "intend", "estimate", "anticipate", "believe", "plan", "planned", "objective", "estimated" and "continue" (or the negative thereof) and words and expressions of similar import. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, assumptions and analyses made by the Company in light of the experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate are necessarily applied in making forward-looking statements and such statements are subject to risks and uncertainties, therefore actual results may differ materially from those expressed or implied in such statements and undue reliance should not be placed on such statements. Material assumptions made in disclosing the forward-looking statements included in this news release include, but are not limited to assumptions that the Company's customers will deploy its products in accordance with communicated timing and volumes, that the Company's customers will complete new distribution centers in accordance with communicated expectations, intentions and plans, and stable political climate with respect to exports from Canada to the United. Factors that could cause actual results to differ materially from expectations include but are not limited to customers not placing roughly in accordance with historical ordering patterns and communicated intentions, the fact that the expected additional sales from the described customer are expressions of interest and not yet purchase orders, the uncertain effects of the imposition of a new tariff regime on Canadian exports by the United States, macroeconomic effects on the Company and its business and on the lithium battery industry generally, the Company's liquidity and cash availability in excess of its operational requirements, and the ability to generate and sustain sales orders. Additional information about material factors that could cause actual results to differ materially from expectations and about material factors or assumptions applied in making forward-looking statements may be found in the Company's Annual Information Form for the year ended September 30, 2024 under "Risk Factors", in the Company's base shelf prospectus dated September 17, 2024, and in the Company's most recent annual and interim Management's Discussion and Analysis under "Qualitative And Quantitative Disclosures about Risk and Uncertainties" as well as in other public disclosure documents filed with Canadian securities regulatory authorities. The Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements contained in this document, whether as a result of new information, future events or otherwise, except as required by law,
SOURCE: Electrovaya, Inc.
View the original press release on ACCESS Newswire
FAQ
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