Kongsberg Automotive

Kongsberg Automotive wins a new contract worth over EUR 55 million in estimated lifetime revenue

Kongsberg, June 10, 2024: Kongsberg Automotive (KA) has won a new contract worth

over EUR 55 million for KA's Dog Clutch Actuator (DCA).

The Dog Clutch Actuator, developed by KA, is designed for gear-shifting and de

-coupling applications for multi-speed transmissions, either electric axles or

central drive for hybrid, battery electric, and fuel cell vehicle applications,

ranging from passenger cars to heavy duty commercial vehicles.

The production for this five-year contract starts in 2025 with KA's Wuxi plants

producing and supplying the product to one of the leading Original Equipment

Manufacturers (OEM) based in China for electric commercial vehicle market.

"KA's DCA represents the future of gear-shifting technology tailored to a wide

range of EVs, light and heavy-duty vehicles" says David Redfearn, KA's Chief

Sales Officer, "We are delighted to have won this contract and continue our

growth path in the China EV space. As we transition to electric powertrains it

is exciting to see that products that provide technical benefits and lifetime

value for our customers."

Media and communications contact:

Therese Sjöborg Skurdal - Director Corporate Communications

+47 982 14 059

Investor Relations contact:

Mads Langaard - Head of Investor Relations

+47 905 81 264

About Kongsberg Automotive ASA

Kongsberg Automotive provides cutting-edge technology to the global vehicle

industry. We drive the global transition to sustainable mobility by putting

engineering, sustainability, and innovation into practice. Our product portfolio

includes driver and motion control systems, fluid assemblies, and industrial

driver interface products. Find more information

at:?kongsbergautomotive.com (https://www.kongsbergautomotive.com/)

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