# 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.

- Type: Contract
- Announced: 2022-10-26
- Where: Wuxi, China
- Value: $30.5M (30.7M EUR)
- Status: announced
- Products: shift-by-wire system, electric rotary actuator, lever-type shifter
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Kongsberg Automotive](https://endata.com/companies/12484.md)

## Sources

- [automotiveworld.com](https://www.automotiveworld.com/news/kongsberg-automotive-wins-contract-worth-eur-30-7-million-in-estimated-lifetime-revenue/), 2022-10-26: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.
