NWTN, JW Corporation ink deal to assemble EVs in Pakistan

MG News | August 12, 2025 at 09:23 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

August 12, 2025 (MLN): UAE-headquartered NWTN Inc. (Nasdaq: NWTN) has signed an Asset Contribution and Share Issuance Agreement with Pakistan’s JW Corporation, granting it exclusive rights to operate JW’s complete knock-down (CKD) automotive assembly plant located in the China-Pakistan Special Economic Zone (JW-SEZ), Lahore.

Under the agreement, NWTN will also gain access to JW Corporation’s nationwide network of over 400 sales outlets.

The arrangement is set to complement NWTN’s global growth model of “UAE Headquarters + South Asia Manufacturing + Global Sales.”

Through the 563,000-square-foot CKD facility and JW’s existing distribution infrastructure, NWTN plans to roll out market-competitive multifunctional new energy commercial vehicles for both domestic and export markets.

The partnership is expected to support the UAE’s “We the UAE 2031” vision and Dubai’s D33 economic agenda by promoting electric vehicle manufacturing, positioning Pakistan as an export hub linking South Asia, the Middle East, and Africa.

NWTN also expects to benefit from cost-effective production by utilizing existing CKD capabilities and expanding its global presence through international deployment of its product lines.

Muhammad Javed Afridi, CEO of JW Corporation, stated, "This collaboration introduces advanced EV technology to Pakistan's manufacturing ecosystem."

"Through CKD operations at JW-SEZ, we aim to develop South Asia's premier new energy commercial vehicle export base," he added.

This partnership advances the UAE's sustainable manufacturing goals under its national vision while leveraging Dubai's trade hub status to globalize our OEM partner's brand, he further noted.

Benjamin Zhai, CEO of NWTN, commented that JW Corporation is a diversified Pakistani group engaged in automotive, energy, and real estate, with integrated CKD assembly capabilities and a nationwide distribution network.

NWTN Inc., soon to be renamed Robo.ai Inc., focuses on smart mobility, advanced manufacturing, and blockchain-based solutions.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	177,696.51 304.87M	0.21% 373.73
ALLSHR	107,705.18 655.88M	0.15% 159.56
KSE30	52,933.03 152.01M	0.35% 184.89
KMI30	251,798.59 90.78M	0.35% 875.46
KMIALLSHR	69,442.62 342.89M	0.12% 85.14
BKTi	50,491.32 102.65M	0.60% 299.36
OGTi	36,062.21 6.01M	0.11% 39.56

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	78,475.00	78,500.00 77,660.00	640.00 0.82%
BRENT CRUDE	88.29	88.75 87.26	-0.23 -0.26%
RICHARDS BAY COAL MONTHLY	117.00	0.00 0.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	131.50	132.75 131.50	1.75 1.35%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	83.44	83.78 82.25	-0.09 -0.11%
SUGAR #11 WORLD	17.56	18.66 17.44	-0.63 -3.46%