Kongsberg Automotive

Regulatory Filings • May 4, 2023

Kongsberg Automotive wins electric vehicle contracts worth over 11 million in estimated lifetime revenue

Kongsberg Automotive (KA)'s Flow Control System (FCS) business unit has won a new contract for the production and delivery of air suspension systems for electric vehicles (EVs).

At the same time, KA has secured a renewal of a contract with another customer, also towards the EV segment.

KA's hose assemblies for air suspension systems will be used in leading Original Equipment Manufacturers' next generation of luxury EV and sport vehicles, as well as SUVs.

KA's newly inaugurated Brzesc Kujawski plant in Poland as well as Wuxi plant in China will produce and supply the products.

"We are excited to report further wins towards the highly attractive EV segment for our air suspension systems, showing again that we are second to none in this growing product segment," says David Redfearn, KA's Chief Sales Officer.

IR & Media Contact: Mads Langaard mads.langaard@ka-group.com +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