Kongsberg Automotive wins a new contract for passenger cars worth over EUR 25 million in estimated lifetime revenue
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