The Maya 300: An Exxon-Assisted Electric Car

I’m skeptical on the $20,000 to $25,000 value unless that is an ‘after subsidies number.  If they were actually to hit the $20,000 to $25,000 price (pre-subsides) this car could be a big hit considering the subsidies available. I doubt the Maya-300 will pass highway crash tests.

Electrovaya engineers the complete electrical system which is highly safe guarded and recognized globally in a very tight circle of executives. They have a deal with Tata Motors to not only share the technology but also to be strategic partners to co-build a plant in India to power the next nano car using the Maya 300 technology. This to happen around 2010. Also they have 2 deals with China for manufacturing. But the biggest deal they have on the books is with Statoil in Norway. Statoil scoured the world for the absolute best power system and they found it with Electovaya. (EFL.TSX) Statoil’s car is to come out later this year but I would presume more 2009/2010 winter. They put it through some of the toughest tests known and it passed with flying colours. Especially for cold temps and the battery staying cool in warm climates. They have also worked with a California company that has the first fully electric SUV and they are the supplier of choice. Hence the project with GM to engineer the electrical hybrid SUV. They also engineered a power system for an oil company to be used in a submersable and they tested it for 2 years flawlessly. That test was complete approx. 18 months ago.It’s too bad there isn’t alot of coverage on this company but it is clearly well positioned to be a global leader. Just remember your not investing in their car it’s the powering system…we don’t need another car we need another power alternative. Electrovaya has 2 manufacturing facilities…1 in Ontario and the other in New York state currently. They also have a recognition award from NASA for their participation in a project with their technology.  There’s only a handful of alternative power systems providers but Electrovaya is the only that I have found to offer not only the battery technology but the intrinsic electrical systems that is exclusively theirs.There is a Japanese company (HEV-Nasdaq) and a couple U.S. companies that are private that only have battery technology but leave the electrical system up to the manufacture to come up with that will work for them. That is not viable enough for rapid acceptance for the new technology that everyone is screaming for. The HEV- Nasdaq company is valued at $4-6 and only has a battery that isn’t being used. Electrovaya (EFL.TSX) is severely undervalued…this stock should be in the $5-6 range and once they have a huge deal completely wrapped up it could just soar. Be patient this is a huge growth story in it’s infancy. Pass this on to the news wires, friends and co-workers that are bullish on new alternative technologies. I’m a do-it yourself investor that has been researching this industry for 2 years now and I completely believe in this company and it’s superior electrical engineering. Put this on your watchlist at the very least.

Brian, thanks for the pump and dump routine.

Please prove 1 single assertion in your post.  With verifiable facts from a source that is not you.

Thank you.

i agree brians comments are pretty rediculous

As an employee of ExxonMobil, I understand how important it is to develop energy resources in an environmentally, socially and economically responsible manner.  That’s why I’m excited we’re teaming up with Electrovaya and the Maryland Science Center to bring this all-electric car-sharing and rental program to Baltimore.  The fleet of electric cars, called the Maya-300, is powered exclusively by enhanced lithium ion battery technology using ExxonMobil’s battery separator film and the benefit, in terms of emission reductions, could be substantial (http://exxonmobil.com/lib).  This is one example of ExxonMobil’s commitment to and investment in reducing the environmental impact associated with meeting the world’s future energy needs. To learn more visit http://exxonmobil.com/altcar.