Brief: Kongsberg Automotive Signs Contract With EV Manufacturer

Kongsberg Automotive ASA

14/12/2022 07:39

Dec 14 (Reuters) - Kongsberg Automotive ASA  KOA.OL :
    * KONGSBERG AUTOMOTIVE INCREASES SALES TOWARDS THE ELECTRIC
VEHICLE MARKET
    * KONGSBERG AUTOMOTIVE'S (KA) POWERTRAIN & CHASSIS BUSINESS
SEGMENT HAS SECURED A CONTRACT WORTH UP TO EUR 58.7 MILLION
    * CONTRACT IN ESTIMATED LIFETIME REVENUE, AND AN AVERAGE
ANNUAL
REVENUE OF EUR 11.7 TO SUPPLY AN ELECTRIC VEHICLE MANUFACTURER
WITH INNOVATIVE SHIFT-BY-WIRE PRODUCTS
    * KA'S NUEVO LAREDO FACILITY IN MEXICO WILL PRODUCE AND
SUPPLY
PRODUCTS FROM JUNE 2024
    * REPORTS BUSINESS WINS THAT MEET COMPANY'S THRESHOLD OF EUR
3
MILLION AND ABOVE IN AVERAGE ANNUAL REVENUE

Source text for Eikon:  ID:nObicnXsja 
Further company coverage:  KOA.OL 
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