Electrovaya receives €1M Li-ion cell follow-on order from EV producer

By mmillikin Electrovaya Inc. announced that it has sold €1 million (US$1.14 million) of lithium ion cells for electric vehicle application to an electric vehicle producer in Europe.

Under the terms of the order, the customer will take possession late in Q3 2017, with 50% of the purchase price payable this month and the remaining 50% in September 2017.

We are very pleased to receive this follow-on order, after the customer had earlier purchased smaller quantities of lithium ion cells from us This underlines the strong commercial performance of our cells, which is viewed as one of our key differentiators in the marketplace. This

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