Bulten Awarded Further Electric Vehicle Drive Technologies FSP Contract

Bulten has strengthened its Electric Vehicle FSP (Full Service Provider) Portfolio through the award of a further contract from a major European automotive manufacturer. The contract is initially valued at approximately EUR 5 million per annum and will launch in 2020 extending for a period of 5 years.

“The award of a second Electric Vehicle FSP contract in a short space of time confirms that the approach and expertise Bulten brings to this field is recognised and appreciated by major OEM’S within the automotive industry”, commented Tommy Andersson, President and CEO of Bulten.

The main drivers in winning this award were the industry leading position Bulten has in the Electric Vehicle market along with many years’ experience of meeting and exceeding customer expectations in the business of automotive fastener supply.

The contract is initially valued at EUR 5 million per annum and then follows the vehicles volume curve.

Deliveries are expected to start September 2020 to gradually increase up to full capacity in 2021 and continue for a period of 5 years.