Robo.ai Inc. Submits Application to Participate in the Pre-Restructuring Strategic Investor Selection of Shanghai JIDU Automobile Co., Ltd.

Core Insights - Robo.ai Inc. has submitted an application to participate in the pre-restructuring of Shanghai JIDU Automobile Co., Ltd., aligning with its strategic transformation towards a "Smart Open Machine Economy" [1][4] - JIDU Auto is recognized as a pioneer in "robot car" technology, having developed multiple advanced intelligent assisted-driving models since 2023, which aligns with Robo.ai's ambitions [2][3] - Robo.ai aims to leverage its unique structure to explore synergies with JIDU Auto, focusing on international capital markets and expanding into high-growth global markets [3] Company Developments - Robo.ai has completed the application submission and will proceed with due diligence and negotiation of the Pre-Restructuring Investment Plan, following the payment of a due diligence deposit [4] - The restructuring process is preliminary and subject to review and negotiations with the provisional administrator and creditors, as well as court approval [4]