Robo.ai Teams Up With JW Group To Launch Green Commercial Vehicles In UAE

Group 1 - Robo.ai Inc. is establishing a joint venture named RoBUS with Pakistan's JW Group to expand into green mobility and smart city development, headquartered in the UAE [1][3] - River Zhang has been appointed as Chief Industrial Officer and President of RoBUS, bringing extensive experience from NIO, Ford, and Volvo [2] - RoBUS aims to develop customized commercial vehicles for the Middle East, Africa, and Southeast Asia, aligning with local regulations and customer needs [3][4] Group 2 - Robo.ai will provide capital market support, brand building expertise, and facilitate market expansion, while JW Group will offer manufacturing capacity and access to over 400 distributors [4] - The establishment of RoBUS supports the UAE's 'We the UAE 2031' national vision and aims to accelerate the adoption of green and smart commercial vehicles [4] - AIIO shares increased by 12.20% to $1.840 in premarket trading following the announcement [5]