Brief: Bulten Nominated As Supplier For New EV Platform

Bulten AB

12/09/2022 13:25

Sept 12 (Reuters) - Bulten AB  BULTEN.ST :
    * NOMINATED AS SUPPLIER FOR NEW EV PLATFORM
    * ORDER VALUE IS ESTIMATED AT APPROXIMATELY SEK 155 MILLION
A YEAR
AT FULL PRODUCTION
    * HAS BEEN NOMINATED AS A SUPPLIER OF FASTENERS FOR A NEW
GLOBAL
ELECTRIC VEHICLE (EV) PLATFORM, TO BE PRODUCED IN CHINA
    * SERIAL DELIVERIES ARE EXPECTED TO BEGIN IN Q2 OF 2024 AND
TO
REACH FULL CAPACITY DURING 2025
    * NEW EV PLATFORM HAS AN ANTICIPATED LIFE CYCLE OF SEVEN
YEARS

Source text for Eikon:  ID:nWkrbqns1N 
Further company coverage:  BULTEN.ST 

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