Electrovaya

Last fall Daimler said it would be expanding the battery pack assembly at Kamentz. I got the impression that the cells were purchased (LG) and the battery packs built up in house. At that time the number was 500mil over several years of ramp up. This allows Daimler to switch suppliers of cells depending on quality and price or to build out packs using more than one supplier. Price in the automotive industry carries a lot of weight. Sankar confirmed this when he said the margins for automotive were slim...