ATS secures $60M EV battery assembly contract
Automation firm to design, build and install battery assembly systems over next 18 months.
The enterprise program is valued at approximately $60 million and includes the design, build and installation of two turnkey battery assembly systems. These systems are critical components of the customer’s electric vehicle (EV) strategy. The Order Booking will be recorded in the Company’s fourth quarter of fiscal 2020 and is expected to be delivered over the next 18 months.
“Our ability to develop a low-risk solution based on our demonstrated EV expertise and technology were critical in the customer’s decision to award ATS this strategic program,” said ATS CEO, Andrew Hider. “The program will be built on our best-in class SuperTrak linear motion technology. We look forward to delivering on this important project, and the opportunity to expand this program in the future.”