Electrovaya to Provide Lithium Ion Superpolymer® Battery Systems for Chrysler's Plug-In Hybrid Minivan Electric Vehicle
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REPRESENTS SECOND MAJOR AUTOMOTIVE PLATFORM FOR ELECTROVAYA IN PLUG-IN HYBRID ELECTRIC VEHICLES
Toronto, Ontario - Electrovaya Inc. (TSX; EFL) today announced that it has signed a contract to supply Chrysler with Lithium Ion SuperPolymer® battery systems for 25 Town and Country minivans that will be part of a demonstration fleet of Plug-In Hybrid Electric Vehicles (PHEVs) that Chrysler Group LLC has developed in partnership with the United States Department of Energy.
The 25 Chrysler minivans will join a fleet of 140 Ram 1500 pickup trucks that will be deployed to 12 partners including local municipalities, state governments, universities and energy companies across the United States. The minivan contract is the second major PHEV automotive platform for Electrovaya's Lithium Ion SuperPolymer® batteries and follows the Ram PHEV platform.
Electrovaya is both the cell and battery pack supplier for the minivan. Its proprietary Lithium Ion SuperPolymer® cell technology is produced using Electrovaya's unique non toxic NMP-free process. Electrovaya's battery pack for the minivan consists of its large format Lithium Ion SuperPolymer® cells, proprietary thermal and battery management systems and all necessary subsystems.
"We are pleased to expand our relationship with Chrysler to include the top selling minivan in the U.S and Canada." said Dr. Sankar DasGupta, Electrovaya CEO.
About Electrovaya Inc:
Electrovaya Inc. (TSX:EFL) designs, develops and manufactures proprietary Lithium Ion SuperPolymer® batteries, battery systems, and battery-related products for the clean electric transportation, Utility Scale Energy Storage and smart grid power, consumer and healthcare markets. The Company's mission is to accelerate clean transportation as a commercial reality with its advanced power system for all classes of zero-emission electric vehicles and plug-in hybrid electric vehicles. The Company's other mission is to deliver Utility Scale Energy Storage Systems for the highest efficiency in electricity storage, whether the electricity is generated from intermittent wind and solar power or from other sources. Founded in 1996 and headquartered in Ontario, Canada, Electrovaya has production facilities in Canada as well as in the US, and customers around the globe. To learn more about how Electrovaya is powering mobility, please explore www.electrovaya.com.
For more information, please contact:
Electrovaya Inc.
Telephone: 905.855.4618
Email: ir@electrovaya.com
