1. Electrovaya acquires majority of Norwegian Li-ion battery co. (mostly EV market)

    Electrovaya acquires majority of Norwegian Li-ion battery co. (mostly EV market)

    Electrovaya has acquired 71.6% of the shares of Miljøbil Grenland, bringing total ownership to 78.1%.  MBG has developed Li-ion battery systems for the automotive industry, and is working on electrically powered ferries and other marine transportation applications.  MBG is based in Norway.

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