Electrovaya Inc (ELVA)

[DewmBoom]

they are not using Electrovaya only Raymond is.

How do you know? EFLVF has a legal supply contract with Raymond, a subsidiary of Toyota Industries. Also, if they are not using them now, they could use them in the near future. When it comes to Japanese companies, there is no such thing as independent. It is true that Raymond has its own name, but it HAS to be in constant contact with their Japanese mother company.

As for the statement of facts, it is a fact that the entire industry as of today is using Li ion batteries.