270 Million Yuan! Autowell Wins PV Equipment Order from LONGi

PVTIME – On 22 February 2024, Wuxi Autowell Technology Co., Ltd. (Autowell/ATW, 688516.SH), Autowell, a renowned manufacturer of automation equipment in the photovoltaic and lithium-ion battery industry, has announced that it received a PV equipment order worth 270 million yuan (approximately US$37.5 million) from LONGi, the PV giant. The order includes multi-process welders and BC film printers.

The details and delivery time of the order are yet to be confirmed. It is uncertain how this contract will impact Autowell’s 2024 results due to the average acceptance cycle of goods being 6-9 months. However, depending on the delivery schedule and acceptance timeline of this contract, it is expected to have a positive impact on Autowell’s operating results in 2025.

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