Bulten has been nominated as a supplier of fasteners for a new global electric vehicle platform, to be produced in China. The order value is estimated at approximately SEK 155 million a year at full production.
Anders Nyström, president and CEO of Bulten, explains: “We are of course delighted to be delivering fasteners for a brand 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.”
Serial deliveries are expected to begin in the second quarter of 2024 and to reach full capacity during 2025. The new EV platform has an anticipated life cycle of seven years.
Having spent a decade in the fastener industry experiencing every facet – from steel mills, fastener manufacturers, wholesalers, distributors, as well as machinery builders and plating + coating companies, Claire has developed an in-depth knowledge of all things fasteners.
Alongside visiting numerous companies, exhibitions and conferences around the world, Claire has also interviewed high profile figures – focusing on key topics impacting the sector and making sure readers stay up to date with the latest developments within the industry.
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