Kubota Corporation (Headquarters: Naniwa-ku, Osaka, Japan; President and Representative Director; Yuichi Kitao; hereinafter “Kubota”) has decided to invest in XING Technology Inc. (Headquarters: Cayman Islands). The company owns XING Mobility Inc. (Headquarters: Taipei, Taiwan; hereinafter “XING”), a Taiwanese start-up company with strengths in the development of battery systems, which are indispensable for improving the performance of electric products including EVs.

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  XING Mobility’s Immersion Cooled Battery System

1. Background and Objectives

• Electrification is one measure to achieve carbon neutrality in the industrial machinery field. Improving the performance of battery systems^*1, which affect product power output and continuous operation times, along with securing stable procurement routes, are important issues for many companies.
• In our pursuit of technology development for the electrification of tractors and small construction machinery, we encountered a significant challenge in creating and securing appropriate battery systems. These specialized battery systems must endure high-power operation in demanding environments such as farmland and construction sites.
• XING, the global pioneer in immersion cooling technology, and a specialized battery system developer and manufacturer, excels at its ability to turn battery cells of various shapes and types into battery systems, boasting expertise in temperature control to enhance battery performance, and offering essential cooling technology to combat age-related deterioration. Their battery systems have already been found in applications in diverse sectors, including trucks, mining machinery, and energy storage systems.
• We highly value XING’s immersion cooling technology^*2 and their ability to craft customizable battery systems. Our investment in XING Technology Inc. marks a strategic collaboration with XING Mobility to accelerate the development of our electrified products. Ultimately, we aim to achieve carbon neutrality in the industrial machinery field through electrification, with a view to developing and marketing battery systems that solve the problems of many industrial machinery manufacturers in the future.

1. *1.A set of battery, software, cooling mechanism, etc. packed in a unit
2. *2.A technology to directly cool battery cells by immersing them in a coolant (oil). By cooling battery cells reliably and uniformly, immersion cooling technology can extend battery life compared to general air-cooled methods. In addition, it can prevent fire from spreading in the event of ignition.

2. About XING Mobility

Company Name	XING Mobility Inc.
Representative	Royce YC Hong
Shareholders	XING Technology Inc. (100%)
Established	2015
Head Office	Taipei, Taiwan
Business	Design, development, manufacturing, and sales of battery systems
Number of employees	65 (as of August 2023)

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