Electrovaya snags battery supply deal with second major automotive OEM

Details are sketchy, but Mississauga-based lithium-ion superpolymer battery maker Electrovaya said today it has signed a deal with, in its words, “a major North American automotive OEM to supply battery packs for its second Plug-In-Hybrid vehicle (PHEV) platform.” Delivery of the battery packs has commenced, according to Electrovaya. Electrovaya CEO Sankar DasGupta is calling the deal a “significant breakthrough” for the company but more information is needed to get a sense of the deal’s importance.