Kongsberg Automotive's Powertrain and Chassis (P&C) has won a transmission
controls contract worth EUR 27.2 million estimated lifetime revenue, and average
annual revenue of EUR 3.4 million.
The secured contract is for Kongsberg Automotive Automated Manual Transmission
(AMT) Shifter and the MT Cable Shifter. Designed for truck and bus applications,
the MT Cable Shifter uses mechanical cables to connect the shifter to the
transmission, and the AMT Shifter uses shift-by-wire technology.
Both products will be supplied to a leading original equipment manufacturer
(OEM) based in North China. Kongsberg Automotive is the top producer of AMT
shifters in the Chinese truck and bus market.
Production starts in 2022 from the Kongsberg Automotive Morse Shanghai (KAMS)
facility. "This contract with one of the largest truck OEMs in Asia will provide
a good growth platform for our KAMS joint venture in the heavy-duty truck & bus
segment. We are aggressively following this rapid market transition into the AMT
segment," says Bob Riedford, President of P&C.
Media
contact
Therese Sjöborg
Skurdal
therese.skurdal@ka-group.com (therese.skurdal@ka
-group.com?subject=Kongsberg%20Automotive%20awarded%20contract%20worth%20EUR%2027
.2%20million%20estimated%20lifetime%20revenue%20) (therese.skurdal@ka
-group.com?subject=Kongsberg%20Automotive%20awarded%20contract%20worth%20EUR%2027
.2%20million%20estimated%20lifetime%20revenue%20)
Investors/analyst contact
Jakob Bronebakk
jakob.bronebakk@ka-group.com (jakob.bronebakk@ka
-group.com?subject=Kongsberg%20Automotive%20awarded%20contract%20worth%20EUR%2027
.2%20million%20estimated%20lifetime%20revenue%20)
About Kongsberg Automotive ASA
Kongsberg Automotive provides world-class products to the global vehicle
industry. Our products enhance the driving experience, making it safer, more
comfortable, and sustainable. With approximately 11,000 employees in 19
countries, Kongsberg Automotive is truly a global supplier. The company has more
than 27 production facilities worldwide. The product portfolio includes seat
comfort systems, driver and motion control systems, fluid assemblies, and
industrial driver interface products developed for global vehicle manufacturers.
Find more information at www.kongsbergautomotive.com