Bulten has been nominated as a fastener supplier for a new global electric vehicle (EV) platform, to be produced in China. The order value is estimated at approximately SEK 155 million a year at full production.
“We are of course delighted to be delivering fasteners for a new EV platform intended for the global market. The nomination shows that we are a leader regarding sustainability in our industry, as this is a customer that places very high sustainability demands on its suppliers. The contract is also positive for our operation in China, as the majority of production will take place in our factory in Tianjin,” says Anders Nyström, President and CEO of Bulten.
Deliveries are expected to begin in the second quarter of 2024 and to reach full capacity in 2025.