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Kongsberg Automotive wins a new contract worth approximately EUR 20 million in estimated lifetime revenue in fast-growing EV segment
07 May 2025 07:00 CEST
Issuer
Kongsberg Automotive ASA
Kongsberg, May 7, 2025: Kongsberg Automotive (KA) has won a new four-year
contract worth approximately EUR 20 million in estimated lifetime revenue for
its Dog Clutch Actuator (DCA).
The DCA, developed by KA, is designed for gear-shifting and decoupling
applications for multi-speed transmissions, either electric axle or central
drive for hybrid, battery electric, and fuel cell vehicle applications, ranging
from passenger cars to heavy-duty commercial vehicles.
KA's Wuxi facility will manufacture and supply the product to a leading global
Original Equipment Manufacturer (OEM) in the electric commercial vehicle
segment.
"KA's DCA is the future of gear-shifting-energy-efficient, sustainable, easy-to
-maintain, and compactly designed for a broad range of EVs, from light- to heavy
-duty," says David Redfearn, KA's Chief Sales Officer. "We're proud to win this
contract and grow our footprint in China's fast-growing EV market with products
that deliver lasting value and real technical advantages."
Media and Communications contact:
Therese Sjöborg Skurdal - Director Group Marketing and Communications
therese.skurdal@ka-group.com
+47 982 14 059
Investor Relations contact:
investor.relations@ka-group.com
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
https://www.kongsbergautomotive.com
More information:
Access the news on Oslo Bors NewsWeb site
Source
Kongsberg Automotive ASA
Provider
Oslo Børs Newspoint
Company Name
KONGSBERG AUTOMOTIVE
ISIN
NO0003033102
Symbol
KOA
Market
Euronext Oslo Børs