ATS gets US$140M in EV orders
by CM Staff
The orders include the design, build, and installation of turnkey battery assembly systems.
CAMBRIDGE — ATS Automation Tooling Systems Inc. says its industrial automation business has received order bookings totalling USD $140 million from an existing global automotive customer.
The client ordered a continued capacity expansion of automated battery module and pack assembly systems.
The orders include the design, build, and installation of turnkey battery assembly systems. They also form part of a previously disclosed multi-phrase enterprise program. The company says it will record these orders in its third quarter of fiscal 2023 and expects to fulfill them over the next 18 to 24 months.
“We are excited to continue our momentum in the complex and quickly evolving EV market,” said Andrew Hider, CEO of ATS. “By building strong partnerships with key customers, and with an unrelenting focus on continuous improvement, we continue to be able to provide leading solutions that leverage the latest technologies to meet demands in this dynamic space.”
ATS uses its knowledge base and global capabilities in custom automation, repeat automation, automation products and value-added services including pre-automation and after-sales services, to address the manufacturing automation systems and service needs of multinational customers in markets such as life sciences, food and beverage, transportation, consumer products, and energy. ATS reportedly employs over 6,000 people at more than 50 manufacturing facilities and over 75 offices in North America, Europe, Southeast Asia and China.
