Latest news with #UL2580
Miami Herald
10-07-2025
- Automotive
- Miami Herald
Electrovaya Achieves UL2580 Certification for Over 400 Next-Generation Lithium-Ion Battery Models
Latest battery systems feature enhanced performance and include 54Ah ceramic cell to be mass produced in Jamestown, NY Passed the most stringent safety testing in the industry, including fire propagation testing Further strengthens the Company's leadership position in the market for industrial and heavy duty vehicles TORONTO, ON / ACCESS Newswire / July 10, 2025 / Electrovaya Inc. ("Electrovaya" or the "Company") (NASDAQ:ELVA)(TSX:ELVA), a leading lithium-ion battery technology and manufacturing company, is pleased to announce that it has successfully completed UL2580 certification for 448 distinct models of its latest generation 24V, 36V, and 48V lithium-ion battery systems. The certification includes battery systems composed of its current 47Ah cell in addition to its 54Ah cell which will be mass produced at its facility in Jamestown, New York in 2026. The next generation models feature improved charge rates, energy density, ergonomics and overall performance. Notably, the new models also provide the highest energy densities of batteries used in the material handling industry, providing an additional competitive advantage. These next generation battery systems will start being made available to customers this year. The UL2580 certification involved some of the most stringent safety testing standards in the industry and included fire propagation testing, vibration, shock and short circuit testing amongst other destructive testing. "This is an important milestone as we prepare to launch our next generation of products for one of our key industrial markets," said Dr. Raj DasGupta, CEO of Electrovaya. "The UL2580 certification is one of the most trusted safety benchmarks in the battery industry and underscores the strength of the safety capabilities of our Infinity battery technology. The material handling industry represents a large portion of our revenue and with our significant advancements made for our next generation products, we expect to further strengthen our leadership position in the market." Investor and Media Contact: Jason RoyVP, Corporate Development and Investor RelationsElectrovaya Inc.905-855-4618 / jroy@ 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 has acquired a 52-acre site with a 135,000 square foot manufacturing facility in New York state for its planned gigafactory. To learn more about Electrovaya, please explore Forward-Looking Statements This press release contains forward-looking statements relating to announcements regarding cell performance, cycle life, longevity, projected performance, extrapolated cycle life, energy density, relative performance compared to competitors, planned production in Jamestown New York, ability to start production in Jamestown in the expected timeframe, planned 54Ah lithium-ion ceramic cell in product lines in 2025 and 2026, use in commercial vehicle and energy storage applications, energy density, cell performance, safety, cost of ownership, life cycle cost, and can generally be identified by the use of words such as "may", "will", "could", "should", "would", "likely", "possible", "expect", "intend", "estimate", "anticipate", "believe", "plan", "objective", "seed", "growing" 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, such statements involve risks and uncertainties, and undue reliance should not be placed on such statements. Certain material factors and assumptions are applied in making forward-looking statements, and actual results may differ materially from those expressed or implied in such statements. Statements with respect to solid state batteries, battery technologies and production roadmaps, are based on an assumption that the Company's customers and users will deploy its products in accordance with communicated intentions, and the Company has investment capital to deploy. Important factors that could cause actual results to differ materially from expectations include but are not limited to macroeconomic effects on the Company and its business and on the Company's customers, including inflation and tightening credit availability due to systemic bank risk, economic conditions generally and their effect on consumer demand and capital availability, labour shortages, supply chain constraints, the potential effect of health based restrictions in Canada, the US and internationally on the Company's ability to produce and deliver products, and on its customers' and end users' demand for and use of products, which effects are not predictable and may be affected by additional regional outbreaks and variants, and other factors which may cause disruptions in the Company's supply chain and Company's capability to deliver and develop its products. 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", and in the Company's most recent annual 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.
Yahoo
07-02-2025
- Automotive
- Yahoo
Microvast Unveils Next-Gen Battery Solutions at Smart Energy Week 2025
STAFFORD, Texas, February 07, 2025--(BUSINESS WIRE)--Microvast Holdings, Inc. (NASDAQ: MVST) ("Microvast" or the "Company"), a global leader in advanced battery technologies, will unveil its next generation of high-performance, fast-charging battery solutions at Smart Energy Week 2025, a premier international exhibition for renewable energy in Japan, to be held at the Tokyo Big Sight exhibition center from February 19-21, 2025. The event will highlight innovations across hydrogen fuel cells, photovoltaics, energy storage, batteries, smart grids, and wind energy. Microvast's exhibit at Smart Energy Week 2025 will spotlight its advanced battery technologies, emphasizing the Company's core strengths: rapid charging, extended cycle life, superior safety, and seamless system integration. Microvast's products are engineered to provide solutions to a variety of applications, including battery energy storage systems (BESS), commercial vehicles, construction machinery, and specialty vehicles. Revolutionizing charging times, Microvast's batteries can achieve an 80% state of charge in just 15 minutes under standard power conditions, significantly minimizing operational downtime. Additionally, Microvast's batteries operate across a broad temperature range, ensuring reliable performance even in extreme environments. Microvast's batteries offer an industry-leading cycle life of up to 8,000 full charge-discharge cycles. This longevity synchronizes with the full operational lifespan of commercial vehicles, supporting over one million kilometers of driving and making them ideally suited for our customers in heavy-duty, high-performance, and demanding applications. Safety is paramount at Microvast. Our multi-layered safety approach, incorporating advanced separator materials, anode materials, and electrolyte formulations, ensures high energy density without compromising safety. This is validated by certifications from globally recognized standards, including UNECE-R100.3, GB 38031, UL2580, and AIS038. Microvast offers customized battery solutions tailored to the specific technical requirements of commercial and specialty vehicles. The compact design seamlessly integrates with the fourth-generation MV-B and MV-C battery packs, accommodating the unique operating conditions of off-highway vehicles. These systems can achieve an impressive energy density of 180Wh/kg. A highlight of the exhibit will be the unveiling of Microvast's groundbreaking ME6 BESS. This industry-first, uniquely overhaulable system, built around a high-performance 565Ah Lithium Iron Phosphate (LFP) battery cell, is engineered to meet the demanding needs of BESS customers. "Microvast is committed to driving innovation in the new energy industry," said Yang Wu, Founder, Chairman and CEO of Microvast. "Our presence at Smart Energy Week 2025 underscores our dedication to providing innovative battery solutions that address the evolving needs of the market. We are confident that our advanced technology and innovative products will continue to contribute significantly to the development of a sustainable future." "We continue to push the boundaries of battery technology to deliver high-performance, safe, and efficient energy solutions," added Dr. Wenjuan Mattis, CTO of Microvast. "Our latest advancements in materials science and system integration set new benchmarks in the industry. The ME6 BESS is a testament to our innovation, offering a groundbreaking, long-life, and overhaulable energy storage solution that redefines cost-effectiveness and sustainability for our customers." About Microvast Microvast is a global leader in providing battery technologies for electric vehicles and energy storage solutions. With a legacy of over 18 years, Microvast has consistently delivered cutting-edge battery systems that empower a cleaner and more sustainable future. The Company's innovative approach and dedication to excellence have positioned it as a trusted partner for customers around the world. Microvast was founded in 2006 and is headquartered in Stafford, Texas. For more information, please visit or follow us on LinkedIn (@microvast). Cautionary Statement Regarding Forward-Looking Statements This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results; our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "believe," "intend," "plan," "projection," "outlook," or words of similar meaning. These forward-looking statements include, but are not limited to, statements regarding Microvast's industry and market sizes, future opportunities for Microvast, and Microvast's estimated future results. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic, and competitive uncertainties, and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. View source version on Contacts Investor Relations Contact ir@ Sign in to access your portfolio
