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0 0.00526315789473685 0.00263157894736836 -0.018421052631579 -0.0157894736842105 -0.0500000000000001 -0.068421052631579 -0.0763157894736842
Stock impact report

Robo.ai Announces Commercial Vehicle Joint Venture with JW Group and Appoints Chief Industrial Officer [Yahoo! Finance]

Robo.ai Inc. - Class B Ordinary Shares (AIIO) 
Company Research Source: Yahoo! Finance
establish a commercial vehicle joint venture with Pakistan's leading company JW Group in furtherance of its strategic goal of contributing to green mobility and smart city development. The JV will be named RoBUS and headquartered in UAE. Robo.ai is also pleased to announce the appointment of Mr. River Zhang as the Robo AI's Chief Industrial Officer and President of RoBUS. Mr. Zhang, a former senior executive at NIO, Ford, and Volvo, has played a leading role in the successful launch of nearly 20 vehicle models. He brings extensive expertise in automotive production and intelligent manufacturing. The establishment of RoBUS represents yet another important milestone in implementing Robo.ai's strategic vision of "Middle East Headquarters + Collaborative Manufacturing + Global Market." The parties had earlier announced plans for a commercial vehicle production base in South Asia. Leveraging JW Group's established manufacturing capabilities and international distribution network, RoBUS i Show less Read more
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