Kongsberg Automotive wins EUR 40 million contract for new rotary actuator used in EVs

Kongsberg Automotive ASA (KA) has won a contract worth approximately EUR 40 million in estimated lifetime revenue for a new rotary actuator used in EVs. Production is scheduled to start in 2027.
The new product offers premium performance in compact packaging for EV transmissions and drive units. The actuator’s main f....

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