LONDON: Surface Transforms, manufacturers of carbon fibre reinforced ceramic materials, has been selected as the tier one sole supplier of carbon ceramic brake discs on the recently launched Koenigsegg Gemera.

The lifetime value of the contract is in excess of £5m with a start of production in mid 2022 completing in mid 2027.  Revenue is expected to be generated broadly evenly over the contract with approximately £1m per year being recognised in each of the four mid-programme years commencing 2023.

In 2019 Koenigsegg received a $150m investment from National Electric Vehicle Sweden (NEVS) in exchange for a 20% interest for NEVS in the Koenigsegg group. As part of this transaction, NEVS and Koenigsegg have formed a 65:35 joint venture to exploit Koenigsegg’s intellectual property, technology licences and product designs. The Gemera has been designed by and will be badged as Koenigsegg but manufactured in Sweden by NEVS.

Kevin Johnson, Chief Executive said: “This contract is now the third award from Koenigsegg and again demonstrates that when we win an initial contract with a customer we can achieve follow on business. Our relationship with Koenigsegg is long standing and we are therefore delighted that we continue to work with them as they transition to the next level in the automotive market through their partnership with NEVS. We are also particularly pleased that this is another example of the importance of weight reducing carbon ceramic discs in electric vehicles, whether BEVs or hybrids.