Brief: Bulten Awarded Further Electric Vehicle Drive Technologies FSP Contract

Bulten AB

23/11/2018 07:35

Nov 23 (Reuters) - Bulten AB  BULTEN.ST :
    * BULTEN AWARDED FURTHER ELECTRIC VEHICLE DRIVE TECHNOLOGIES
FSP
CONTRACT
    * CONTRACT IS INITIALLY VALUED AT EUR 5 MILLION PER ANNUM
AND THEN
FOLLOWS VEHICLES VOLUME CURVE
    * CONTRACT WILL LAUNCH IN 2020 EXTENDING FOR A PERIOD OF 5
YEARS
    * DELIVERIES ARE EXPECTED TO START SEPTEMBER 2020
    * BULTEN - DELIVERIES ARE EXPECTED TO START SEPTEMBER 2020
TO
GRADUALLY INCREASE UP TO FULL CAPACITY IN 2021 AND CONTINUE FOR
A PERIOD OF 5 YEARS

Source text for Eikon:  ID:nWkrzlbsT 
Further company coverage:  BULTEN.ST 

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