Adient Capital Allocation and China Business Update slide image

Adient Capital Allocation and China Business Update

Adient has extensive experience working with NEV startups in China /// How Adient works with China NEV startups Innovation and product development . Focus on innovation for user experience differentiation Act as a trusted seating expert through providing leading technologies and creating value for customers Deliver with shorter development time, frequent/late changes and different resource investment pattern Organization and working process • • Prepare dedicated commercial touchpoint and sufficient engineering resources for in-depth engagement with customers Co-work and co-create with customers Adapt to 'internet company mindset and high-pressure working style', and provide rapid and timely response / service to customers Investment discipline • Build an assessment framework and choose NEV startups systematically and mitigate potential risks • Leverage existing footprint and facilities • Maximize carryover to minimize engineering efforts Our collaboration with NIO • 2016 Adient became NIO's first seating supplier partner 2023 NIO awarded Adient with latest top hat ESI on 7 models 2018 ADIENT ////// NIO 蔚来 NIO's first model ES8 delivery 2022 NIO awarded in total 7 programs to Adient, including "866" and new "775" • Adient set up 2nd plant in Hefei NIO Park with continuous investment Adient has been the preferred seating supplier for NIO since 2016 Adient works with NIO to capture growing EV opportunity through fast-paced R&D and co-creation on innovation to improve end-user experience NIO • Closely monitor market dynamics and customers' performance J.P. Morgan China Investor Meeting Adient CEO Doug Del Grosso met with NIO mgmt. team at Auto Shanghai 2023 William Li and NIO leadership team attended Adient Tech Show at NIO Adient PUBLIC 33
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