Canadian Company Plans EV Battery Gigafactory For New York

The facility, planned by Ontario-based battery manufacturer Electrovaya, is to open in phases starting in late 2023.

auto, autos, car, cars, evs, canadian company plans ev battery gigafactory for new york

This article comes to us courtesy of EVANNEX, which makes and sells aftermarket Tesla accessories. The opinions expressed therein are not necessarily our own at InsideEVs, nor have we been paid by EVANNEX to publish these articles. We find the company’s perspective as an aftermarket supplier of Tesla accessories interesting and are happy to share its content free of charge. Enjoy!

Posted on EVANNEX October 22, 2022, by Charles Morris

Jamestown, New York will be the site of Electrovaya’s first US gigafactory. The Ontario-based battery manufacturer plans to produce cells and batteries at a 137,000-square-foot former electronics plant on a 52-acre campus. The facility is to open in phases starting in late 2023. Production capacity is expected to be over one GWh of battery and energy storage systems over the next five years.

auto, autos, car, cars, evs, canadian company plans ev battery gigafactory for new york

Above: Electrovaya headquarters in Ontario, Canada. Photo: Electrovaya

The company’s Li-ion batteries are used in e-forklifts, e-trucks, e-robots, e-buses and more.

The company secured significant support from the state government for the project. Empire State Development will provide up to $4 million of tax credits and $2.5 million in funding. The New York Power Authority has allocated some 1.5 megawatts of low-cost hydropower to the company, under the agency’s Industrial Economic Development program. CEO Dr. Raj Das Gupta says the factory will produce battery products using 100% renewable energy.

The plant is expected to create around 250 new jobs.

“The Gigafactory will achieve three key objectives for the Company: Increase our manufacturing capacity to meet growing demand; improve our supply chain security and overall gross margins through added vertical integration; and develop additional market opportunities given the significant US-based manufacturing capacity,” said Dr. Das Gupta.

This article originally appeared in Charged. Author: Charles Morris. Source: Electrovaya



Breaking thailand news, thai news, thailand news Verified News Story Network