Kongsberg Automotive wins a new contract for an electric rotary actuator used in plug-in hybrid electric vehicles
Zurich, March 11, 2024: Kongsberg Automotive (KA) has won a contract worth over EUR 22 million in estimated lifetime revenue for an electric rotary actuator used in plug-in hybrid electric vehicle (PHEV). KA’s rotary actuator is a compact park lock actuator that can function as a rotary actuator on powertrains. The park lock actuator will prevent the vehicle from moving when put in the parking position. It is designed to have variable torque and speed behavior at a specific position. The seven-year contract, awarded to KA by one of China’s leading manufacturers for hybrid and