Kongsberg Automotive wins contract worth EUR 30.7 million in estimated lifetime revenue
Kongsberg Automotive (KA)’s Powertrain & Chassis Driveline business unit has secured a contract for passenger cars worth EUR 30.7 million in estimated lifetime revenue and average annual revenue of EUR 6.1 million. Driveline was awarded this five-year contract by one of the largest Original Equipment Manufacturers (OEMs) in China for KA’s shift-by-wire system. The system consists of an electric rotary actuator and a lever-type shifter. The electric rotary actuator is used to change drive modes on the transmission as park (P) and drive (D). The shifter helps the driver to achieve the