# Kongsberg Automotive wins EUR 40M contract for EV rotary actuator

Kongsberg Automotive has won a contract worth approximately EUR 40 million in estimated lifetime revenue for a new rotary actuator used in electric vehicles. Production is scheduled to start in 2027 at the Vrable, Slovakia plant.

- Type: Contract
- Announced: 2024-03-14
- Where: Vrable, Slovakia, Slovakia
- Value: $43.5M (40.0M EUR)
- Status: announced
- Products: rotary actuator for electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [automotiveworld.com](https://www.automotiveworld.com/news/kongsberg-automotive-wins-a-new-contract-worth-approximately-eur-40-million-in-estimated-lifetime-revenue-for-a-product-used-in-electric-vehicles/), 2024-03-14: "Kongsberg Automotive has won a contract worth approximately EUR 40 million in estimated lifetime revenue for a new rotary actuator used in electric vehicles."

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