Welcome to our dedicated page for NWTN news (Ticker: NWTN), a resource for investors and traders seeking the latest updates and insights on NWTN stock.
NWTN Inc. (Nasdaq: NWTN) is a Dubai-headquartered smart mobility and technology company active in intelligent electric vehicles, green energy solutions, autonomous driving technologies, AI-driven hardware, and blockchain-based products for advanced manufacturing. Its news flow provides insight into how the company is evolving from a new energy vehicle specialist into a broader global intelligent technology platform.
News updates on NWTN often cover strategic projects and industrial development, such as the announced NWTN AI Industrial Park in Khalifa Economic Zones Abu Dhabi (KEZAD). This project includes a Global Logistic Park for vehicle and parts warehousing and re-export activities, and an AI Smart Manufacturing Park with semi knocked down vehicle assembly and smart hardware production, supporting a “Made in UAE, Delivered Globally” strategy.
Another recurring theme in NWTN’s announcements is international manufacturing and sales expansion. For example, the company has reported an Asset Contribution and Share Issuance Agreement with Pakistan’s JW Corporation, granting NWTN exclusive usage rights to a complete knock-down automotive assembly facility and access to a nationwide sales network, with plans to introduce multifunctional new energy commercial vehicles to global markets.
NWTN’s news also highlights capital markets activity, governance developments, and strategic investments, including agreements with SEET LLC, a subsidiary of Medad Holding, and extraordinary general meetings addressing board composition and a proposed name change from “NWTN Inc.” to “Robo.ai Inc.” In addition, the company has disclosed a Nasdaq staff delisting determination related to a filing deficiency and its request for a hearing to appeal that decision.
Technology-focused updates include a memorandum of understanding with Changer.ae to explore stablecoin-enabled transactions, blockchain-based supply chain finance, smart contracts, and real world asset tokenization. Investors and observers can use this news page to follow NWTN’s ongoing developments in smart mobility, intelligent manufacturing, AI, and digital asset integration.
NWTN Inc. (Nasdaq: NWTN) has appointed Benjamin Zhai as Executive Director of the Board and Global Chief Executive Officer. This strategic move marks the company's transformation from a NEV manufacturer to a global smart technology platform. Zhai brings over 30 years of global leadership experience across technology, mobility, and venture investment, with previous roles at major companies including NIO, Canoo, and Russell Reynolds.
Under Zhai's leadership, NWTN will implement a three-pillar strategy: 1) Expanding beyond NEVs into autonomous logistics, drones, and smart wearables, 2) Establishing the NWTN Smart Industrial Park in Abu Dhabi, and 3) Creating a "technology + manufacturing + capital" model leveraging UAE's strengths.
NWTN and W Motors Automotive Group have announced a strategic joint venture to expand their automotive business through various mobility projects. The partnership, announced on January 14, 2025, in Dubai, UAE, will merge NWTN's network and market access with W Motors' design and technology expertise.
The collaboration focuses on developing and manufacturing mid-luxury vehicles, security and enforcement vehicles, and sustainable mobility solutions. A key aspect of the joint venture involves localizing manufacturing and assembly operations by utilizing W Motors' existing infrastructure in the UAE. The partnership encompasses joint efforts in research and development, manufacturing processes, and market expansion strategies.
NWTN has received a delisting determination notice from Nasdaq due to failing to file its 2023 Annual Report and regain compliance with Listing Rule 5250(c)(1) by November 11, 2024. Unless appealed by November 19, 2024, Nasdaq will suspend trading of NWTN's ordinary shares and warrants on November 21, 2024. The company intends to request a hearing to appeal the determination and seek an extended stay of the trading suspension. NWTN is working to file the 2023 Annual Report but cannot guarantee regaining compliance or maintaining Nasdaq listing.
NWTN Inc. (Nasdaq: NWTN), an eco-conscious mobility technology company, has been granted an extension by Nasdaq to file its Annual Report on Form 20-F for the fiscal year ended December 31, 2023. This extension comes after NWTN received a deficiency letter on May 22, 2024, for non-compliance with Listing Rule 5250(c)(1). NWTN submitted a plan to regain compliance, which Nasdaq has accepted.
Under the terms of the exception, NWTN must file the 2023 20-F on or before November 11, 2024. Failure to meet this deadline may result in delisting, subject to appeal. NWTN is working diligently to complete and file the report as soon as possible within the given timeframe.
NWTN, an eco-conscious mobility technology company, has received a notification from Nasdaq concerning its delayed Annual Report on Form 20-F for the year ending December 31, 2023. Nasdaq has stated that NWTN is not in compliance with Listing Rule 5250(c)(1), but this notification does not immediately affect the listing or trading of NWTN's securities. The company has until July 22, 2024, to submit a compliance plan, which, if accepted, could grant them up to November 11, 2024, to meet the requirements. Failure to comply could result in delisting, though NWTN is working diligently to resolve the issue.
NWTN Inc. reminds shareholders about share lending and recalling due to recent increase in share volatility. Shareholders are advised to prevent short selling by opting out of share lending programs and recalling shares if already loaned out. Investors can move shares into a cash account, opt out of securities lending programs, or transfer shares to the Company's transfer agent. The company emphasizes that the information provided is not investment advice and advises shareholders to consult their financial advisors.
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