Consolidation of China operations: Creating a stronger manufacturing plant and tech center in Wuxi

27 May 2026 12:00 CEST

Kongsberg May 27, 2026: Kongsberg Automotive ASA (KA) today announces the
consolidation of its operations in China into its manufacturing plant and
technology center in Wuxi, reinforcing its commitment to long-term growth and
competitiveness in the region.

Following the acquisition of the remaining ownership in Kongsberg Automotive
Morse Shanghai (KAMS) in 2025, KA strengthened its operational flexibility,
governance, and strategic control in China. The consolidation represents a
natural next step in optimizing the company's footprint and creating a more
integrated, scalable platform for future growth.

By bringing its activities together in Wuxi, KA will establish a stronger and
more efficient manufacturing and technology hub, enabling:

· Improved cost competitiveness
· Enhanced engineering and technical capabilities
· Greater operational efficiency and agility
· A more robust platform to support customers and capture growth opportunities
in the Chinese market

As part of the consolidation, production lines and support functions will be
centralized in Wuxi. Operations in Shanghai and Shiyan will be phased out in
connection with this transition, with an expected completion date of May 30,
2026. The legal entity KAMS will subsequently be deregistered.

KA will manage the transition in accordance with local regulations and in a
responsible manner towards employees and stakeholders.

China remains a key strategic market for KA. With a more focused and competitive
setup, the company is well positioned to accelerate innovation, strengthen
customer partnerships, and drive sustainable, long-term growth in the region.

Investor relations contact
Erik Magelssen - Chief Financial Officer
Erik.Magelssen@ka-group.com
+47 928 88 728

Media contact
Therese Sjöborg Skurdal - Director Group Marketing & Communications
therese.skurdal@ka-group.com
+47 982 14 059

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: www.kongsbergautomotive.com

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