ATS Automation secures US$70M EV order
by CM Staff
ATS says the order booking will be recorded in the company's first quarter of fiscal 2023, and they expect it to be delivered over the next 18 months.
ATS logo for all news releases starting in 2022 (CNW Group/ATS Automation Tooling Systems Inc.)
CAMBRIDGE — ATS Automation Tooling Systems has received an initial order booking for the approximate amount of US $70 million.
The company says this order came from an existing global automotive customer towards fully automated battery assembly systems for their Canadian and U.S. manufacturing operations.
This initial order is part of a multi-phase enterprise program that includes the design, build, and installation of turnkey battery assembly systems. These systems are critical components of the customer’s electric vehicle (EV) strategy. ATS says the order booking will be recorded in the company’s first quarter of fiscal 2023, and they expect it to be delivered over the next 18 months.
“This booking allows us to continue to leverage our experience and successful track record in the EV market, and further demonstrates our ability to deliver solutions to meet the needs of customers,” said Andrew Hider, CEO of ATS in a statement.
“With accelerating customer and consumer demand, we are able to leverage our ATS Business Model and commitment to continuous improvement to evolve and expand our offerings as technology and needs continue to change.”
