The electrical automotive producer Tesla has agreed to take over the German producer of battery assemblies ATW Automation. This emerges from a Reuters report on Friday citing a supply accustomed to the transaction. ATW Automation, a subsidiary of Canadian ATS Automation Tooling Methods, is a provider that assembles battery modules and packages for the automotive business.
As early as September, German media reported that ATA was on the verge of liquidation on account of a drop in orders. On September 25, ATS introduced that sure belongings and workers of one of many Germany-based models could be offered and transferred to a 3rd social gathering with out revealing the corporate’s title. Each ATS and ATW didn’t instantly reply to a request for remark.
On the finish of final month, Elon Musk, CEO of Tesla, launched a brand new tabless battery cell that can ship 500% extra energy. The brand new expertise might enhance vary and revolutionize Tesla. Not like the present battery design, the tablets battery design permits for a bigger kind issue that improves energy density with out thermal points, says Musk. The brand new tabless cells are bigger than the present Tesla cells.
In 2010, ATS acquired the vast majority of the US and German automation and check techniques companies from Meeting & Check Worldwide, Inc. The information of Tesla’s acquisition of ATW Automation was first reported by German information retailers European and WirtschaftsKurier.
ATS Automation Tooling Methods is a Cambridge, Ontario, Canada-based expertise firm that designs and builds manufacturing unit automation techniques. ATS was based in 1978 and builds automation techniques for the medical gadget, pharmaceutical, telecommunications, semiconductor, fiber optic, automotive, pc, photo voltaic vitality and client items industries. ATS employs round 4,400 individuals in 22 manufacturing services and over 50 branches in North America, Europe, Southeast Asia and China.