# Rheinmetall wins quarter-billion euro order for e-vehicle parts
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2023-01-02
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Rheinmetall Wins Major Electromobility Order Worth Over 250 Million Euros
Meta Description: Learn how Rheinmetall will supply the new 900-volt generation of electric vehicles with a groundbreaking contactor for a premium German automaker starting in
URL: https://financedigest.com/rheinmetall-wins-quarter-billion-euro-order-for-e-vehicle-partshtml

(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](https://www.financedigest.com/sainsburys-pays-524-million-for-full-ownership-of-store-investment-vehicles.html "Sainsbury’s pays 4 million for full ownership of store investment vehicles") platform, the company said.

(Reporting by Anastasiia Kozlova, Editing by Miranda Murray)


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