Expanding Our Footprint in China

At the beginning of March, Kautex celebrated opening ceremonies for the new plant in Tianjin and the Asia Tech Center in Pinghu, China. We were delighted to invite our customers, suppliers, Senior Leadership Team members, local authorities, media friends, as well as some additional Kautex colleagues to jointly witness this awesome milestone.

Kautex is pioneering solutions for the era of new mobility. We are optimistic about the future of the automotive industry in China and we are well-prepared to support the sustainable growth of the automotive industry, with our industry-leading hybrid systems, innovative Pentatonic battery systems and advanced autonomous drive cleaning systems. We have – and will continue to - make significant investments in China to support our customers to thrive in the current business and prepare for future mobility. Joerg Rautenstrauch, President and CEO Kautex
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“The Tianjin plant is our seventh in China and will be Kautex's future growth point in North China. We will produce our industry-leading fuel systems and clear vision systems at the plant. However, The plant’s proximity to current and future customers means it is the perfect location to support these customers with our Pentatonic Battery System,” said Jack Deng, VP Operation Asia.

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The Asia Tech Center is at the heart of our transformation and vision to pioneer solutions for new mobility. “We selected China as the location of a 'strategic engineering hub' – knowing that China will produce the most BEV/PHEV vehicles, globally. We chose Pinghu as the Shanghai area represents the largest of the six Chinese automotive clusters. We have relocated our fuel systems testing and validation from Guangzhou to Pinghu and have added testing and validation for our newest product – our Pentatonic battery systems. Today we now fully operational to support e-mobility and fuel testing here in Pinghu,” said Dr. Rainer Jorach, VP Global Engineering.

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Congratulations again to the team for a successful opening! We'd also like to pass along our gratitude to our partners in Pinghu, our customers, and our suppliers whose loyalty has made this event possible.

About Kautex

At Kautex, we are driving the future. As a Tier One automotive supplier with more than 30 plants in 13 countries, Kautex designs, develops and manufactures traditional and hybrid fuel systems, advanced cleaning solutions for assisted and autonomous driving, engine camshafts and plastic industrial packaging solutions. A pioneer in the design and manufacture of automotive plastic fuel systems, Kautex is expanding its portfolio to offer smart products and data-driven services to our customers, including thermoplastic composite and composite-metal hybrid battery systems. From a lightweight battery system to a hybrid fuel system to autonomous drive vehicle cleaning systems, Kautex is committed to pioneering solutions for the era of new mobility.

Our employees are part of a global community committed to solving customer needs, leveraging diverse skillsets, making sustainability a differentiator, embracing the diversity that is part of a global, multi-industry leader and creating an environment where employees can build a dynamic career. Together, we are reimagining the future of mobility.

About Textron Inc.

Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Arctic Cat, and Textron Systems. For more information, visit: www.textron.com

Certain statements in this press release are forward-looking statements which may project revenues or describe strategies, goals, outlook or other non-historical matters; these statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements.

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