Kongsberg Automotive

Kongsberg Automotive secures a contract worth over EUR 73 million for a new product designed and developed in-house

Zurich September 11, 2023: Kongsberg Automotive (KA) was awarded a contract for

a new product-the Dog Clutch Actuator (DCA), designed for a four-speed electric

axle used in heavy-duty trucks. The contract is worth EUR 73.4 million in

estimated lifetime revenue.

The DCA, developed by KA, is designed for gear shifting and de-coupling

applications for multi-speed electric axles for Hybrid, Battery Electric, and

Fuel Cell Electrical Vehicle applications, ranging from passenger cars to heavy

-duty commercial vehicles.

The product has a compact design-it requires less packaging space and offers the

potential to reduce the complexity of transmission systems of electric axles.

With the integrated shift fork and the possibility of providing locking detent

functions in combination with responsive performance, KA plans to take a leading

position in this product market. This eight-year contract is for a leading

global automotive Tier 1 supplier. Production starts in 2023, and KA's Wuxi,

China facility will manufacture and supply this product.

"KA's DCA is a unique product developed especially for electric vehicles and

other applications. This is the first contract for this new product, and we

expect more to come, both with Tier 1 suppliers and directly from the OEMs,"

says Christian Amsel, KA's Chief Technology Officer, and the President of

Powertrain & Chassis business segment, adding, "KA is actively supporting the

transition to sustainable transportation systems in the automotive and

commercial vehicle market. Electrification will reduce the emissions and with

green technology, our ambition is to be second to none in the market segments we

operate in, e.g., actuators like the DCA."

Investor Relations contact:

Mads Langaard - Head of Investor Relations

+47 905 81 264

Media and Communications contact:

Therese Sjöborg Skurdal - Director Corporate Communications

+47 982 14 059

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

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