Manz receives order from US EV manufacturer

The company says that the order from the new North American customer, whose battery modules are to be constructed from highly efficient round cells, underscores the great market potential of battery technology for Manz. The order will be recognised in sales and earnings in fiscal years 2021 and 2022. Following orders from the German AKASOL AG and the Slovakian InoBat Auto, Manz was able to convince the third customer from the e-mobility industry of its solution expertise within a short period of time. The first systems are expected to be installed in the United States as early as 2021, which is planned to take place on schedule despite the ongoing Covid-19 restrictions. "We are very pleased that we were able to convince another international and promising pioneer of e-mobility of our concept. With our highly innovative laser-process for welding round cells into a module based on the established BLS 500 laser platform, as well as the use of our proven modular assembly platform LightAssembly, we provide our customer with significant competitive advantages in terms of the effectiveness, performance and safety of his battery pack. The order also confirms the forecasts that the topic of electromobility is now also gaining significant momentum on a broad scale in the US market," says Martin Drasch, CEO of Manz AG, in a press release. "In addition to the immense opportunities offered by the already booming European market, we are convinced that we will increasingly be able to convince customers from the US of our production facilities for high-performance and efficient battery systems and benefit from their ambitious expansion plans," Drasch adds.