Kongsberg Automotive

Kongsberg Automotive wins contract worth EUR 15.4 million

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

contract worth EUR 15.4 million in lifetime revenue and the annual revenue of

EUR 3.8 million.

KA's P&C was awarded this contract by one of the largest OEMs in China for KA's

Gen 3 Shift-by-Wire system with ISO 26262 functional safety ASIL-B. With this

contract, KA will continue the strong relationship with this Chinese customer

and look forward to additional growth in the coming years. KA's Wuxi facility in

China will supply the product for this four-year contract.

"This business win demonstrates KA's dominant technology position in the China's

automotive market for shift-by-wire systems with the latest functional safety

capabilities to meet the global standards," says Bob Riedford, President of P&C

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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