# Rheinmetall wins quarter-billion euro order for e-vehicle parts
Author:  Pal Sinha,Barnali
Author URL: https://economystandard.com/author/pal-sinha-barnali/
Published: 2023-01-02
Category: Headlines
Category URL: https://economystandard.com/category/headlines/
Meta Title: Rheinmetall Wins Quarter Billion Euro Order in Electromobility Segment
Meta Description: Rheinmetall secures major contract supplying cutting-edge contactors for electric vehicles to premium German automaker starting in 2025.
URL: https://economystandard.com/rheinmetall-wins-quarter-billion-euro-order-for-e-vehicle-parts/

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(Reuters) – Germany’s Rheinmetall has won an order worth more than a quarter billion euros in the electromobility segment, the industrial group said in a statement on Monday.

Rheinmetall said it would be providing the new 900-volt generation of electrically powered vehicles with a new type of contactor to a premium German automaker.

Contactors are electrically controlled switches that make it safe to turn electric vehicles on and off, said Rheinmetall.

Starting in 2025, Rheinmetall will supply tens of millions of these contactors for the automaker’s new vehicle platform, the company said.

(Reporting by Anastasiia Kozlova, Editing by Miranda Murray)


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