Electrovaya Inc.: Well Priced For Those Wanting Exposure To The Lithium Space

TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.

Written by SmallCapPower.com

About Electrovaya Inc. (EFLVF)

designs, develops and manufactures proprietary Lithium Ion Super Polymer batteries, battery systems, and battery-related products for energy storage, clean electric transportation and other specialized applications.

fully-owned subsidiary Litarion GmbH, also produces cells, electrodes and SEPARION ceramic separators and has manufacturing capacity of about 500MWh/annum.

headquartered in Ontario, Canada; the Company has production facilities in Canada and Germany with customers throughout the globe.

Electrovaya stock has corrected ~45% on YTD basis, presenting a good opportunity for those who want exposure to the lithium space.

Investment Thesis

Rising demand for Lithium Ion batteries

Electrovaya has superior batteries than global competitors

EFL’s patented technology is scalable to multiple markets

Rising demand for Lithium Ion batteries

The global market for Lithium-Ion batteries is expected to hit US$46.21 billion by 2022, registering a CAGR of 10.8% during the period 2016-2022, according to a report published by Allied Market Research. Citi Research projects the global lithium battery market to be US$40 billion by 2020. Lithium-ion batteries are rechargeable batteries that can be used as a source of power supply primarily in portable devices. The rising demand for electric vehicles and growing environmental concerns would add up to notable growth in this sector. Other key factors that drive the growth of this market is the growing penetration of smartphones, tablets, and other electronic devices. Lithium-Ion batteries provide a cost-effective substitute for fossil fuels such as gasoline and are being favoured by governments worldwide and organizations due to cost reduction benefits they provide.

Superior batteries than global competitors