Daimler just shift to LG but kept a commitment with EFL for a few months, why bet on LG/Electrovaya story ?. 2016 is full conversion of plant but first line of non NMP will come sooner (1-2 NMP coating line strip out at first).

I am not betting on an LG/Electrovaya story. What I am betting on is that Electrovaya will build a battery cell next door to the battery pack assembly plant that:

is more energy dense

is less expensive

has 9000 full charge/discharge cycles

and is safer.

I am betting the LG cells will go away!!