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Tesla has planned to build a US $5B battery plant to supply batteries to home users, utility, and electric cars.
Electrovaya [EFL.TO] has been advanced in this field with proprietary Lithium-Ion battery for utility, retailers, mining industry, electric cars, electric ferry, residential battery, and portable storages. Their unique and proprietary production has lowered the production or battery costs. They had acquired a 0.5 GWatts plant in Germany. With their lower production cost, they would be able to bid projects at lower prices as compared to their competitor and still be profitable.
Lower production cost could result in lower product prices to gain market shares, e.g. Netflix beat down competitors by lower profit margins because it didn't cost them much to deliver movies over the Internet. This is not a dumping case. Btw, Germany's labor cost should be higher than North America.
Source: http://finance.yahoo.com/news/electrovaya-completes-transformational-acquisition-evonik-161426675.html
Source: http://business.financialpost.com/fp-tech-desk/everything-you-need-to-know-about-tesla-motors-incs-big-battery-launch-today?__lsa=0550-77a2
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2015-05-04
The author mentioned Electrovaya as "ideas company". So far, I have found Electrovaya was good in R&D as they have crunched out competitive Lithium-ion battery among top energy density. They have come up with battery management systems for different applications such as resident storage, electric cars, power utility, etc.
What Electrovaya need would be a good salesman to get their products deployed worldwide. Of course they sell battery at lower prices as compared to their competitors due to their lower production cost.
Who could refuse if they could pay lower for similar Lithium-ion battery? It seems to me that EFL's products are very good, too.
Source: http://business.financialpost.com/news/energy/riding-teslas-coattails-this-tiny-ontario-battery-maker-just-bought-the-biggest-gigafactory-in-europe?__lsa=984d-8f45
Tesla has planned to build a US $5B battery plant to supply batteries to home users, utility, and electric cars.
Electrovaya [EFL.TO] has been advanced in this field with proprietary Lithium-Ion battery for utility, retailers, mining industry, electric cars, electric ferry, residential battery, and portable storages. Their unique and proprietary production has lowered the production or battery costs. They had acquired a 0.5 GWatts plant in Germany. With their lower production cost, they would be able to bid projects at lower prices as compared to their competitor and still be profitable.
Lower production cost could result in lower product prices to gain market shares, e.g. Netflix beat down competitors by lower profit margins because it didn't cost them much to deliver movies over the Internet. This is not a dumping case. Btw, Germany's labor cost should be higher than North America.
Source: http://finance.yahoo.com/news/electrovaya-completes-transformational-acquisition-evonik-161426675.html
Source: http://business.financialpost.com/fp-tech-desk/everything-you-need-to-know-about-tesla-motors-incs-big-battery-launch-today?__lsa=0550-77a2
--------
2015-05-04
The author mentioned Electrovaya as "ideas company". So far, I have found Electrovaya was good in R&D as they have crunched out competitive Lithium-ion battery among top energy density. They have come up with battery management systems for different applications such as resident storage, electric cars, power utility, etc.
What Electrovaya need would be a good salesman to get their products deployed worldwide. Of course they sell battery at lower prices as compared to their competitors due to their lower production cost.
Who could refuse if they could pay lower for similar Lithium-ion battery? It seems to me that EFL's products are very good, too.
Source: http://business.financialpost.com/news/energy/riding-teslas-coattails-this-tiny-ontario-battery-maker-just-bought-the-biggest-gigafactory-in-europe?__lsa=984d-8f45
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