Kongsberg Automotive's Powertrain & Chassis Driveline business unit has been
awarded a contract worth over EUR 25 million in estimated lifetime revenue for
KA's electric gear shift and park lock actuator.
Kongsberg Automotive (KA)'s electric gear shift and park lock actuator comes
with an automatic return to park feature, which allows the vehicle to be parked
in a safe mode if the vehicle loses electric power.
The six-year contract for a leading passenger car OEM will start production in
2026 and will be produced and supplied by KA's Wuxi, China plants.
"The contract is a significant milestone in our strategic direction to grow our
electric actuator business globally. The win demonstrates our superior technical
solutions and products in this 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 (https://www.kongsbergautomotive.com/)