Home Stock Market Rheinmetall wins quarter-billion euro order for e-vehicle components By Reuters

Rheinmetall wins quarter-billion euro order for e-vehicle components By Reuters

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Rheinmetall wins quarter-billion euro order for e-vehicle components By Reuters

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© Reuters. FILE PHOTO: The emblem of Rheinmetall is displayed on the Eurosatory worldwide protection and safety commerce truthful in Villepinte, close to Paris, France June 13, 2022. REUTERS/Benoit Tessier

(Reuters) – Germany’s Rheinmetall has gained an order value greater than 1 / 4 billion euros within the electromobility section, the commercial group mentioned in a press release on Monday.

Rheinmetall mentioned it could be offering the brand new 900-volt technology of electrically powered automobiles with a brand new sort of contactor to a premium German automaker.

Contactors are electrically managed switches that make it protected to show electrical automobiles on and off, mentioned Rheinmetall.

Beginning in 2025, Rheinmetall will provide tens of hundreds of thousands of those contactors for the automaker’s new car platform, the corporate mentioned.

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