Kongsberg Automotive

Kongsberg Automotive wins a one-year contract worth EUR 7 million

Kongsberg Automotive's Powertrain and Chassis (P&C) business segment has secured

a one-year contract worth EUR 7 million.

P&C's Driveline business unit was awarded this contract for the ARC- Generation

3 (electronic actuator with control units), adapted for ICE/PHEV/HEV

transmissions. The contract will start in November 2022 and KA's Wuxi plant will

supply these advanced actuator products to one of the largest OEMs in China.

"We are pleased to continue the transition from mechanical shifters and cables

to fully electronic, mechatronic systems in our Driveline business unit," says

Bob Riedford, President of P&C, adding, "This award solidifies our strong share

in the important Chinese automotive market."

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/)

Media contact:

Therese Sjoborg Skurdal

+47 982 14 059

Investor relations contact:

Jakob Bronebakk

+47 906 39 637

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