Volex secures $30mn contract with North American automotive manufacturer for EV power products

LONDON, UK: Volex, the specialist integrated manufacturer of critical power and data transmission products, has announced that it has secured a major new contract win with a leading global North American-based automotive manufacturer to supply advanced Electric Vehicle (EV) power products from its manufacturing facility in Tijuana, Mexico.

The contract is expected to generate annualised revenues exceeding $30 million, with full production expected to commence during the 2024 calendar year.

This latest win follows Volex’s decision to invest in doubling the capacity of its Tijuana site, supporting customers who want to simplify their supply chains and secure reliable manufacturing services closer to their production locations. With this contract win, Mexico becomes Volex’s fourth site involved in the manufacture of EV products.

The group continues to invest in these sites and across its entire global footprint, expanding production capabilities to support increased demand from customers looking for more localised supply chain partners.

In addition, Volex has successfully expanded beyond Mode 2 EV charging cables (or “grid cords”) onto specialised “on car” connectors, complex high voltage assemblies and wire harnesses for use inside the vehicle, increasing the total sales opportunities in the EV market.

“As a trusted manufacturing partner for many of the world’s leading EV brands, this latest contract win is yet another endorsement of Volex’s positioning within the EV charging sector,” said Nat Rothschild, Executive Chairman. “This new contract demonstrates that Volex is the preferred choice for customers who want to localise their manufacturing footprint to enhance resilience in their supply chains.”

Volex’s investment in its global production footprint includes significant new capacity in India, Poland and Indonesia, providing customers with more localised supply chain partners. The company’s continued success in the EV market, as demonstrated by this latest contract win, positions Volex as a leader in the industry and highlights the growing demand for reliable manufacturing services for EV power products.

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