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An announcement from Roboai ( (AIIO) ) is now available.
On February 19, 2026, Robo.ai, via its wholly owned Dubai subsidiary, signed a share purchase agreement to acquire 51% of Chinasky Car Trading FZE, an automobile trading company in Dubai, for US$1 million to be paid in 7,388,799 newly issued Class B shares. The consideration shares will be locked up for four years in equal annual tranches, with closing scheduled on or before March 31, 2026 subject to regulatory, corporate, and due diligence conditions.
Post-closing, Robo.ai plans to support Chinasky’s expansion into adjacent businesses such as auto leasing, parts, after-sales service, and insurance cooperation projects, under separately negotiated agreements. Chinasky will, in turn, provide Robo.ai with a global distribution and logistics network spanning the Middle East, Central and West Asia, Eastern Europe, and North Africa, strengthening Robo.ai’s international commercialization of its intelligent hardware and mobility offerings and enhancing its strategic position in cross-border automotive and mobility channels.
More about Roboai
Robo.ai Inc. is a Cayman Islands–incorporated technology company listed on Nasdaq (ticker AIIO) and headquartered in Dubai, focusing on intelligent hardware and mobility solutions. Through its Dubai-based investment subsidiary, Robo.ai Investments L.L.C.-FZ, the company is expanding its presence in automotive-related markets and international distribution corridors across the Middle East, Asia, Eastern Europe, and North Africa.
Average Trading Volume: 7,734,686
Technical Sentiment Signal: Sell
Current Market Cap: $41.66M
For a thorough assessment of AIIO stock, go to TipRanks’ Stock Analysis page.