Kongsberg Automotive wins EUR 30.7M contract for shift-by-wire system from Chinese OEM

Kongsberg Automotive's Powertrain & Chassis Driveline business unit secured a five-year contract worth EUR 30.7 million in estimated lifetime revenue from a major Chinese OEM for its shift-by-wire system. Production will take place at the Wuxi plant starting April 2023.

“We are proud that our global product strategy is paying off and that this contract supports our growth path in the Chinese market with locally developed products.”automotiveworld.com

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• automotiveworld.comKongsberg Automotive wins contract worth EUR 30.7 million in estimated lifetime revenue | Automotive WorldOct 26, 2022

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