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Kongsberg Automotive wins EUR 15.4 million contract for Shift-by-Wire systems · Endata

◂ Announcements

Automotive Componentsworld trade 2024+2.2% 5Y CAGR

Jul 8, 2022CONTRACTWuxi, China, China

Kongsberg Automotive wins EUR 15.4 million contract for Shift-by-Wire systems

Kongsberg Automotive's Powertrain and Chassis segment secured a EUR 15.4 million contract from a major Chinese OEM for its Gen 3 Shift-by-Wire system. The four-year contract will be supplied from the Wuxi facility in China.

Value

$15.7M (15.4M EUR)

Status

Completed

ProductsGen 3 Shift-by-Wire system

CompaniesKongsberg Automotive

Sectors#Automotive Components

“This business win demonstrates KA's dominant technology position in the China's automotive market for shift-by-wire systems with the latest functional safety capabilities to meet the global standards.”news.cision.com

1 source
news.cision.comKongsberg Automotive wins contract worth EUR 15.4 million - Kongsberg Automotive ASAJul 8, 2022

Summarized from public sources; check the original articles before acting on it.

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