Kongsberg Automotive has secured a EUR16m (US$22m) contract with a Chinese domestic OEM for the supply of automatic gear shifter systems.
The six year contract will see production in Kongsberg Automotive’s facility in Wuxi, China.
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“We’re very satisfied with the continuing growth we’re seeing in our Chinese business,
and with once again being chosen as a partner for one of the largest OEMs in China,” said Kongsberg Automotive driveline EVP Joachim Magnusson.
“This is and will continue to be our single most important growth market.”
Kongsberg Automotive is headquartered in Kongsberg, Norway.
