ATS secures US$167M EV order
by CM Staff
This order is part of a previously disclosed multi-phase enterprise program that includes the design, build, and installation of turnkey battery assembly systems.
CAMBRIDGE — ATS Automation Tooling Systems Inc. says its Industrial Automation business has received an order from an existing customer valued at approximately US$167 million, subject to customary conditions.
The customer is in the global automotive market and looking to expand the capacity of its automated battery module and pack assembly systems for operations within North America.
This order is part of a previously disclosed multi-phase enterprise program that includes the design, build, and installation of turnkey battery assembly systems. The order booking will be recorded in the company’s second quarter of fiscal 2023 and is expected to be executed over the next 15 months.
“This project furthers our relationship with a key customer, while again demonstrating our ability to solve complex needs within the rapidly evolving EV market,” said Andrew Hider, CEO of ATS, in a statement.
“Our steadfast focus on continuous improvement, bolstered by the use of our ATS Business Model, allows us to adeptly evolve our offerings and embrace new technology to meet the advancing demands of customers while they are shaping the future of electric transportation.”
