- Lithium-ion battery technology stock Electrovaya (TSX:ELVA) gave an update on its solid-state battery program
- Development has provided a scalable and cost-effective lithium ion conducting ceramic that demonstrated solid performance of ionic conductivity
- Electrovaya is planning to begin shipping prototypes to a major automaker later this year
- Electrovaya Inc. last traded at C$3.88 per share
Lithium-ion battery technology stock Electrovaya (TSX:ELVA) gave an update on its solid-state battery program.
At its annual Battery Technology Day event, the Toronto-based team explained that development has provided a scalable and cost-effective lithium ion conducting ceramic that demonstrated solid performance of ionic conductivity in the range of around 8.10-4 S/cm (centimetres per second), as work continues to further improve conductivity and scale up of production.
The company is developing a proprietary separator that uses its in-house ion conducting ceramic material. The separator incorporates a scalable manufacturing process and progress has been made in increasing the separator size to meet the needs of commercially viable cells.
“Since early 2023, our team at Electrovaya Labs has made significant progress in the development of our solid-state battery separator and ion conducting ceramic materials. These materials form the backbone of our solid-state battery design and based on the progress to date, we are optimistic on a commercially viable solid state battery product,” Electrovaya’s CEO, Dr. Raj DasGupta said in a news release. “We are in discussions with one major automaker and are planning to send prototype samples of pouch cells later this calendar year.”
Electrovaya is a lithium-ion battery technology and manufacturing company. The company has two operating sites in Canada and has acquired a site with a 1,200-square-metre manufacturing facility in New York state for a planned gigafactory.
Electrovaya Inc. (TSX:ELVA) last traded at C$3.88 per share. The stock has given back 20.82 per cent year-over-year, but has added 182.55 per cent since 2019.
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(Top image: Electrovaya Inc.)
