Robo.ai Inc. establishes commercial vehicle joint venture with JW Group

Robo.ai Inc. (AIIO)announced that it will establish a commercial vehicle joint venture with Pakistan’s 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 River Zhang as the Robo AI’s chief industrial officer and president of RoBUS. 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 intends to develop customized products for the Middle East, Africa, and Southeast Asia, aligned with applicable local regulations and customer requirements.