Kongsberg Automotive wins a new contract worth over EUR 55 million in estimated lifetime revenue

10 Jun 2024 07:00 CEST

Kongsberg, June 10, 2024: Kongsberg Automotive (KA) has won a new contract worth
over EUR 55 million for KA's Dog Clutch Actuator (DCA).

The Dog Clutch Actuator, developed by KA, is designed for gear-shifting and de
-coupling applications for multi-speed transmissions, either electric axles or
central drive for hybrid, battery electric, and fuel cell vehicle applications,
ranging from passenger cars to heavy duty commercial vehicles.

The production for this five-year contract starts in 2025 with KA's Wuxi plants
producing and supplying the product to one of the leading Original Equipment
Manufacturers (OEM) based in China for electric commercial vehicle market.

"KA's DCA represents the future of gear-shifting technology tailored to a wide
range of EVs, light and heavy-duty vehicles" says David Redfearn, KA's Chief
Sales Officer, "We are delighted to have won this contract and continue our
growth path in the China EV space. As we transition to electric powertrains it
is exciting to see that products that provide technical benefits and lifetime
value for our customers."



Media and communications contact:
Therese Sjöborg Skurdal - Director Corporate Communications
therese.skurdal@ka-group.com
+47 982 14 059

Investor Relations contact:
Mads Langaard - Head of Investor Relations
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/)

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