ATS Automation receives $80 million order booking from electric vehicle maker

Canadian company ATS Automation Tooling Systems says it has received an order booking from “a global automotive manufacturer” for a fully automated battery assembly system.

The total enterprise program is valued at approximately $80 million – that’s Canadian dollars, which equates to about $62 million US.

Approximately $7.6 million of this has already been received and recorded in order bookings for the first quarter of fiscal 2019. 

The full order bookings include design, build, installation and post-delivery support, including training, for a “turnkey” battery assembly system.

The system will perform a critical role in supporting the customer’s competitive entry into the electric vehicle market.

Andrew Hider, CEO of ATS, says: “ATS’ ability to develop a leading technical solution and its demonstrated EV expertise were key factors in the customer’s decision to award this strategic program to us.

“The program includes ATS products and proprietary technologies and is the result of an almost year-long effort in which we worked alongside the customer’s engineering and manufacturing teams during the development of both the product and the manufacturing process.”

The enterprise program is for a new customer, will involve three ATS facilities, and is expected to be delivered over the next two years.