💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Electrovaya announces wireless charging for batteries

EditorAhmed Abdulazez Abdulkadir
Published 03/11/2024, 09:40 PM
© Reuters.
ELVA
-

TORONTO - Electrovaya Inc. (NASDAQ:ELVA)(TSX:ELVA), a developer and manufacturer of lithium-ion battery technology, has reported the successful integration and testing of its latest battery systems with wireless charging capabilities.

These systems, designed for material handling battery products up to 60kWh, have demonstrated performance on par with traditional wired chargers.

Dr. Jeremy Dang, Vice President of Business Development at Electrovaya, highlighted the significance of this advancement, stating that wireless charging could enhance the use of Electrovaya batteries in autonomous vehicles, eliminating the need for manual monitoring during the charging process.

He also pointed out the potential for fully remote operations enabled by the combination of wireless charging and EVISION, the company's cloud-based monitoring platform.

Electrovaya is set to showcase its new battery system products at the MODEX 2024 expo in Atlanta from March 11th to 14th and at the Advanced Clean Technology Expo in Las Vegas from May 20th to 23rd.

The company, which prides itself on contributing to climate change prevention through its safe and durable battery solutions, is also developing next-generation solid state battery technology. With operations in Canada and a planned gigafactory in New York state, Electrovaya is positioning itself at the forefront of energy transformation technologies.

This announcement is based on a press release statement.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.