Kongsberg Automotive (KA) has won a contract worth over EUR 22 million in estimated lifetime revenue for an electric rotary actuator used in plug-in hybrid electric vehicle (PHEV).  KA's rotary actuator is a compact park lock actuator that can function as a rotary actuator on powertrains. The park lock actuator will prevent the vehicle from moving when put in the parking position.

It is designed to have variable torque and speed behavior at a specific position. The seven-year contract, awarded to KA by one of China's leading manufacturers for hybrid and electric vehicles starts in 2024. KA's Wuxi, China plant will manufacture and distribute the product.