Kongsberg Automotive

Business and Financial Review • Jun 28, 2022

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

Media contact: Therese Sjoborg Skurdal therese.skurdal@ka-group.com +47 982 14 059

Investor relations contact: Jakob Bronebakk jakob.bronebakk@ka-group.com +47 906 39 637