KA awarded EUR 12 million (NOK107 mill.) contract for manual shift systems in China
Kongsberg Automotive’s (KA) Driveline business area has received nomination from a major Chinese–European joint venture OEM for the supply of manual shift systems, which will be used in B-segment cars to be sold in China.
The contract has an estimated total value of EUR 12 million over 5 years. Production under the contract will start in the second half of 2016 from Kongsberg Autmotive’s facility in Wuxi, China.
“Our extensive powertrain know-how provides real value to our customers in China, which is the single biggest growth market, and this is important to building our growth in Asia”, said Joachim Magnusson, Executive Vice President for Kongsberg Automotive’s Driveline business.