PVTIME – On 14 December 2023, Autowell, a leading manufacturer of automation equipment in the photovoltaic and lithium-ion battery industry, announced that one of its subsidiaries has secured a PV equipment order from a top PV products manufacturer for 230 million yuan (tax included).
Autowell will deliver the intelligent transmission system and solar cell production equipment in December 2023 as per the contract. The impact of contract performance on Autowell’s 2023 results is uncertain due to the average acceptance cycle of goods being 6-9 months. However, depending on the specific delivery batch and acceptance time of this contract, it is expected to have a positive impact on Autowell’s operating results in 2024.
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