On September 22, Robo.ai Inc., formerly known as NWTN Inc., announced that it will establish a commercial vehicle joint venture with Pakistan's JW Group. The JV will be named RoBUS and headquartered in UAE. They will develop luxury coaches, smart city bus series, premium business vehicle series, etc.
Leveraging JW G
On August 11, NWTN Inc. executed an Asset Contribution and Share Issuance Agreement (SPA) with Pakistan's industrial group JW Corporation. It grants NWTN exclusive usage rights to JW Corporation's complete knock-down (CKD) automotive assembly facility in Lahore's China-Pakistan Special Economic Zone (JW-SEZ) and acce
On July 16, NWTN Inc. executed an agreement with SEET LLC, a subsidiary of Medad Holding, a leading investment institution in the UAE. NWTN and SEET have signed a Share Purchase Agreement under which SEET will invest USD 100 million to acquire newly issued NWTN shares.
Additionally, SEET and its affiliated companies
On May 21, NWTN Inc. launched the "NWTN AI Industrial Park" (NAIP) Project. The project is in Khalifa Economic Zones Abu Dhabi (KEZAD), covering approximately 130,000 square meters, signaling the start of NWTN's transformation from a new energy vehicle manufacturer to a global intelligent technology producer and enab
On January 14, NWTN Inc., and W Motors Automotive Group Holding Limited, announced a strategic joint venture aimed at expanding their automotive business through diverse mobility projects. This partnership will combine NWTN’s network and access with W Motors’ design and technology to create a portfolio of sustainable
On June 1, NWTN announced that it was part of the UAE President's Business delegation to China. NWTN's participation reinforced the importance of bilateral relations between the UAE and China and the potential for future joint ventures and projects that can drive economic growth and technological advancement in both
On January 1, Evergrande Auto announced on the Hong Kong Stock Exchange (HKEX) that its share subscription and debt-for-equity exchange agreements with NWTN Inc. (NWTN) headquartered in Dubai, UAE, which were originally scheduled to expire on December 31, 2023, have now lapsed due to the failure of the two parties to
On December 18, Abu Dhabi Islamic Bank (ADIB) signed a memorandum of understanding (MoU) with NWTN, the UAE-based electric car manufacturer to be the first bank in the UAE to provide financing for the purchase of the Rabdan One, the first range-extended electric vehicles that are “Made in Abu Dhabi".
Under the MoU, A
On December 7, NWTN Inc. signed a memorandum of understanding (MOU) with China State Construction Engineering Corporation (Middle East) LLC (CSCEC). Under this partnership, CSCEC will manage the comprehensive project construction process, including planning, feasibility studies, general contracting, and project finan
On December 2, NWTN Inc. announced an agreement with Autostrad Car Rental Company for the purchase of two hundred Rabdan One vehicles for their fleet. The Rabdan One fleet will initially be leased for the prestigious COP 28 event. The Rabdan One is a high-performance intelligent SUV.
Based on NWTN Inc. press release
On November 27, NWTN Inc. announced plans to exhibit, with its partners, technologies for the entire clean energy value chain during COP28 UAE from November 30, 2023, to December 12, 2023, in Dubai, UAE. NWTN will be joined in its COP28 exhibition by the UAE Ministry of Industry and Advanced Technology (MoIAT), Abu D
On October 18, multiple sources reported that NWTN and the Abu Dhabi Investment Office (ADIO) signed a memorandum of understanding (MoU).
Under the MoU, NWTN will benefit from the Yas Island testing zone, offered by the E Smart and Autonomous Vehicles Industry (SAVI) cluster, which provides an established road mobil
On October 9, NWTN Inc. announced that its first new energy vehicle (“NEV”), Rabdan One, is officially marked as “Made in the Emirates.” Rabdan One is the first new energy vehicle with this mark in the UAE.
The Rabdan One is assembled in NWTN’s first assembly facility located in Khalifa Economic Zone Abu Dhabi (KEZAD
On August 14, Evergrande Auto announced that it received an approximate USD 500 million strategic investment from NWTN Inc. (NWTN) headquartered in Dubai, UAE. The two parties signed a share subscription agreement that NWTN will hold about 27.50% of the total number of Evergrande Auto’s enlarged outstanding common sh
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