NWTN Inc. executes asset contribution, share issuance pact with JW Corporation

NWTN Inc. (NWTN) executed an asset contribution and share issuance agreement with Pakistan’s industrial group JW Corporation. The agreement grants NWTN exclusive usage rights to JW Corporation’s complete knock-down automotive assembly facility in Lahore’s China-Pakistan Special Economic Zone and access to JW Corporation’s nationwide network of over 400 sales outlets in Pakistan. This collaboration supplements NWTN’s global strategy with “UAE Headquarters + South Asia Manufacturing + Global Sales.” Utilizing the 563,000-square-foot CKD facility and JW Corporation’s established distribution network, NWTN will introduce multifunctional new energy commercial vehicles to the global market. The partnership not only aligns with UAE’s “We the UAE 2031” national vision and Dubai’s D33 economic agenda by exporting green transition technologies through EV production and establishing Pakistan as an export hub connecting South Asia, the Middle East, and Africa, but also delivers core strategic value to NWTN with capital-efficient manufacturing through utilization of existing CKD infrastructure and accelerated global brand expansion via international deployment of product lines.