NWTN(NWTN) Newsfilter·2025-01-15 01:00Strategic Joint Venture - NWTN Inc and W Motors Automotive Group Holding Limited announce a strategic joint venture to expand their automotive business through diverse mobility projects [1] - The partnership combines NWTN's network and access with W Motors' design and technology excellence to create a portfolio of sustainable and solutions-focused vehicles [1] - The joint venture will focus on mid-luxury vehicles, security and enforcement vehicles, and sustainable mobility solutions [2] - The collaboration aims to localize manufacturing and assembly by leveraging W Motors' existing capabilities and infrastructure in the UAE [2] Company Overview - NWTN Inc is a leading innovator in green mobility, offering intelligent electric vehicles and sustainable transportation solutions [5] - NWTN is headquartered in Dubai and is committed to driving the transition toward eco-friendly mobility through groundbreaking technology and energy-efficient systems [5] - W Motors is a fully-integrated mobility solutions provider in the Middle East, offering products and services across high-performance and luxury vehicles, security & defense, electric commercial vehicles, and special projects [7] - W Motors is known for its iconic hypercars, combining cutting-edge technology with bold design to deliver vehicles that redefine automotive performance and aesthetics [7] Forward-Looking Statements - The press release contains forward-looking statements regarding the joint venture between NWTN and W Motors [3] - These statements are based on current expectations and assumptions and are subject to risks and uncertainties [6] - NWTN assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise [8]