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NWTN ( (NWTN) ) just unveiled an announcement.
On August 8, 2025, NWTN Inc. entered into a significant agreement with JW International LLC-FZ to gain exclusive usage rights to a large automotive assembly facility in Lahore, Pakistan, for four years. This deal includes access to JW’s sales and distribution network in Pakistan, in exchange for 10 million restricted Class B ordinary shares. The transaction aims to boost NWTN’s production capacity and market reach, with plans to sell at least 50,000 vehicles over four years. The agreement’s completion is subject to specific conditions, with a potential termination date set for November 6, 2025, if conditions are unmet.
More about NWTN
NWTN Inc. is a company based in Dubai, UAE, operating in the automotive industry. It focuses on manufacturing and distributing vehicles, leveraging strategic partnerships and facilities to enhance its market presence.
Average Trading Volume: 1,257,250
Technical Sentiment Signal: Sell
Current Market Cap: $379.9M
For a thorough assessment of NWTN stock, go to TipRanks’ Stock Analysis page.