Tesla has agreed to purchase ATW Automation firm, a subsidiary of the Canadian ATS Automation Tooling Methods Inc.
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Tesla goals to begin development at its new automobile manufacturing unit in Texas later this yr.
Tesla, the California-based electrical automobile producer will quickly be buying a German battery meeting manufacturing firm. As per a report filed by Reuters, the EV maker has agreed to purchase ATW Automation firm, which is a subsidiary of the Canadian ATS Automation Tooling Methods Inc. It majorly focuses on assembling battery modules and packs for the auto trade. As per a German media report in September, the corporate was getting ready to liquidation due to an enormous droop in orders.
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Tesla plans to ramp up battery manufacturing within the coming yr
Final month, the corporate introduced that sure property and staff at certainly one of its Germany-based models can be offered and transferred to a 3rd occasion. Nonetheless, the corporate didn’t disclose the identify of the corporate. Primarily based in western Germany, ATW has accomplished over 20 battery manufacturing strains for worldwide automakers.
So far as Tesla is anxious, the corporate plans to ramp up battery manufacturing within the coming yr. And, the EV maker not too long ago confirmed throughout an occasion that it could sharply cut back the price of battery packs throughout the subsequent three years. The corporate can be constructing its third Gigafactory close to Berlin, which will even embody a battery plant. It additionally goals to provoke development at its new automobile manufacturing unit in Texas later this yr.
Tesla’s future product line-up consists of the light-duty Cybertruck and the Semi truck.
Additionally Learn: Tesla Reports Record Quarterly Deliveries, But Model 3 Sales Underwhelm Bulls
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Tesla’s future product line-up consists of the light-duty Cybertruck and the Semi truck. Each autos would require greater battery capacities. The corporate on Friday introduced that it had delivered over 1.39 lakh autos globally within the third quarter and goals to promote half one million autos by the tip of 2020.
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