Kongsberg Automotive Holding ASA (KGAUF) has released an update.
Kongsberg Automotive has secured a significant contract worth over EUR 55 million to supply their innovative Dog Clutch Actuator to a major OEM in the Chinese electric commercial vehicle market. Production is set to begin in 2025 at KA’s Wuxi plants, marking a significant step in the company’s involvement in the electric vehicle sector. KA’s technology is expected to advance gear-shifting across a range of electric vehicles, from passenger cars to heavy-duty trucks.
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