Zhejiang, China, 19 March- COSMX Corporation (688772.SH), one of the worldwide major suppliers of lithium-ion (Li-ion) batteries，announced a strategic cooperation agreement with Doosan Bobcat, a global equipment leader, in Jiaxing, Zhejiang. Through mutual collaboration, both organizations will engage in the comprehensive research and development of electric power sources for forklifts and compact loaders. They aim to deeply bind multiple future projects, jointly explore the new industrial ecosystem, co-build intelligent power system solutions, and promote industrial upgrading and contribute to sustainable social development.

Doosan Bobcat is a company within Doosan Group, which is the oldest modern enterprise in South Korea serving customers and communities for more than a century. It is renowned for positive reputation in South Korea thanks to its high-quality and diverse products. Doosan Bobcat represents the world-renowned Bobcat equipment brand — a leader in the engineering, innovation, manufacturing and marketing of compact equipment.

As a leading provider of Li-ion battery system solutions, COSMX has long-term and profound technical accumulation and an excellent product quality system in the field of power batteries, continuously leading the high-quality development of the industry. COSMX 's power battery products are widely used in areas such as automobile, drones, two-wheelers, and have established long-term and stable cooperative relationships with leading automobile manufacturers and industrial equipment manufacturers both at home and abroad.

The signing of this strategic cooperation agreement will enable both parties to fully capitalize on their respective strengths, foster close collaboration, and uphold innovation-led development. By advancing technological progress to drive industrial transformation and upgrading, both parties are committed to developing technologically competitive products and solutions that meet user requirements. This partnership will make a substantial contribution to the green and low-carbon development in the machinery industry.

About Doosan Bobcat

Doosan Bobcat Inc. represents the world-renowned Bobcat® equipment brand — a leader in the engineering, innovation, manufacturing and marketing of compact construction, landscaping and grounds maintenance equipment, forklifts and materials handling equipment, generators, air compressors, light towers, light compaction equipment, attachments and components.

Doosan Bobcat is a company within Doosan Group. Doosan Group is one of the top-tier global enterprises proudly serving customers and communities for more than a century.

For more information, visit www.doosanbobcat.com

About COSMX

COSMX is one of the worldwide major suppliers of Li-ion batteries, and has long served for world's well-known customers in the fields of PCs, notebooks, tablets, smart phones, smart wearables, power tools, drones and other fields.

For more information, visit www.cosmx.com.cn