Kongsberg Automotive wins a new contract worth approximately EUR 40 million in estimated lifetime revenue for a product used in electric vehicles
Zurich, March 14, 2024: Kongsberg Automotive has won a contract worth approximately EUR 40 million in estimated lifetime revenue for a new rotary actuator used in electric vehicles. The actuator’s main functions are decoupling of an electric motor and park lock. KA’s brand new product offers premium performance in compact packaging for electric vehicle transmissions and drive units. The start of production is scheduled for 2027. The actuator will be developed in Mullsjo, Sweden, in collaboration with KA’s plant in Shawinigan, Canada, and produced and supplied from our Vrable, Slovakia