Kautex's Pentatonic Battery System wins 2023 Gasgoo Award

Kautex was honored to receive an innovation award from Gasgoo at the fifth annual Gasgoo Awards, held in Shanghai, China. Kautex was named as one of the "Top 100 Players of China’s New Automotive Supply Chain" for its Pentatonic battery system in the category of Low Carbon New Materials.

The Gasgoo awards serve as a platform to recognize innovative companies and technologies that are advancing the automotive industry. This year, the awards ceremony spotlighted the following segments:

- Intelligent cockpit

- Intelligent driving

- Intelligent Chassis

- Chips

- Software/AI

- Powertrain electrification

- Thermal Management

- Body and Interior/Exterior Desgin

- Low Carbon/New Materials

"Kautex is honored to received this award in recognition of our Pentatonic battery system," said Xiaoning Ni, vice president, China sales for Kautex. "It's a testament to the hard work and dedication of our team, and we are delighted to see our efforts acknowledged in such a meaningful way."

The awards selection process spanned nearly 200 days, engaging approximately one million people in selecting and voting. The final results were determined by a jury committee.

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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