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NWTN Appoints New CEO to Drive Strategic Transformation

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NWTN Inc. (Nasdaq: NWTN) has appointed Benjamin Zhai as Executive Director of the Board and Global Chief Executive Officer. This strategic move marks the company's transformation from a NEV manufacturer to a global smart technology platform. Zhai brings over 30 years of global leadership experience across technology, mobility, and venture investment, with previous roles at major companies including NIO, Canoo, and Russell Reynolds.

Under Zhai's leadership, NWTN will implement a three-pillar strategy: 1) Expanding beyond NEVs into autonomous logistics, drones, and smart wearables, 2) Establishing the NWTN Smart Industrial Park in Abu Dhabi, and 3) Creating a "technology + manufacturing + capital" model leveraging UAE's strengths.

NWTN Inc. (Nasdaq: NWTN) ha nominato Benjamin Zhai come Direttore Esecutivo del Consiglio e Amministratore Delegato Globale. Questa mossa strategica segna la trasformazione dell'azienda da produttore di NEV a piattaforma globale di tecnologia intelligente. Zhai porta con sé oltre 30 anni di esperienza di leadership globale nei settori della tecnologia, mobilità e investimenti venture, avendo ricoperto ruoli in importanti aziende come NIO, Canoo e Russell Reynolds.

Sotto la guida di Zhai, NWTN attuerà una strategia basata su tre pilastri: 1) Espandersi oltre i NEV verso la logistica autonoma, i droni e i dispositivi indossabili intelligenti, 2) Costituire il NWTN Smart Industrial Park ad Abu Dhabi, e 3) Creare un modello "tecnologia + produzione + capitale" sfruttando i punti di forza degli Emirati Arabi Uniti.

NWTN Inc. (Nasdaq: NWTN) ha nombrado a Benjamin Zhai como Director Ejecutivo del Consejo y Director General Global. Este movimiento estratégico marca la transformación de la compañía de fabricante de NEV a una plataforma global de tecnología inteligente. Zhai aporta más de 30 años de experiencia en liderazgo global en tecnología, movilidad e inversión de riesgo, habiendo desempeñado cargos en empresas importantes como NIO, Canoo y Russell Reynolds.

Bajo la dirección de Zhai, NWTN implementará una estrategia basada en tres pilares: 1) Expandirse más allá de los NEV hacia la logística autónoma, drones y dispositivos inteligentes portátiles, 2) Establecer el Parque Industrial Inteligente NWTN en Abu Dhabi, y 3) Crear un modelo de "tecnología + manufactura + capital" aprovechando las fortalezas de los Emiratos Ãrabes Unidos.

NWTN Inc. (나스ë‹�: NWTN)ì€ ë²¤ìžë¯� ìžì´ë¥� ì´ì‚¬íš� ì§‘í–‰ì´ì‚¬ ê²� 글로벌 최고경ì˜ìž�(CEO)ë¡� 임명했습니다. ì� ì „ëžµì � ê²°ì •ì€ íšŒì‚¬ê°€ NEV 제조업체ì—서 글로벌 스마íŠ� 기술 플랫í�으로 전환하는 ê²ƒì„ ì˜ë¯¸í•©ë‹ˆë‹�. ìžì´ëŠ� NIO, Canoo, Russell Reynolds ë“� 주요 기업ì—서 30ë…� ì´ìƒì� 글로벌 리ë”ì‹� 경험ì� 보유하고 있습니다.

ìžì´ì� 리ë”ì‹� í•˜ì— NWTNì€ ì„� 가지 ì¶•ì˜ ì „ëžµì� 실행í•� 예정입니ë‹�: 1) NEVë¥� 넘어 ìžìœ¨ 물류, 드론, 스마íŠ� 웨어러블ë¡� 확장, 2) 아부다비ì—� NWTN 스마íŠ� 산업단지 설립, 3) UAEì� ê°•ì ì� 활용í•� '기술 + 제조 + ìžë³¸' ëª¨ë¸ êµ¬ì¶•.

NWTN Inc. (Nasdaq : NWTN) a nommé Benjamin Zhai directeur exécutif du conseil d'administration et PDG mondial. Ce mouvement stratégique marque la transformation de l'entreprise, passant d'un fabricant de NEV à une plateforme technologique intelligente mondiale. Zhai apporte plus de 30 ans d'expérience en leadership mondial dans les domaines de la technologie, de la mobilité et de l'investissement en capital-risque, ayant occupé des postes dans des entreprises majeures telles que NIO, Canoo et Russell Reynolds.

Sous la direction de Zhai, NWTN mettra en œuvre une stratégie en trois piliers : 1) s'étendre au-delà des NEV vers la logistique autonome, les drones et les objets connectés intelligents, 2) établir le parc industriel intelligent NWTN à Abu Dhabi, et 3) créer un modèle "technologie + fabrication + capital" tirant parti des atouts des Émirats arabes unis.

NWTN Inc. (Nasdaq: NWTN) hat Benjamin Zhai zum geschäftsführenden Direktor des Vorstands und globalen CEO ernannt. Dieser strategische Schritt markiert die Transformation des Unternehmens vom NEV-Hersteller zu einer globalen intelligenten Technologieplattform. Zhai bringt über 30 Jahre globale Führungserfahrung in den Bereichen Technologie, Mobilität und Risikokapital mit und war zuvor bei namhaften Unternehmen wie NIO, Canoo und Russell Reynolds tätig.

Unter Zhais Führung wird NWTN eine Dreisäulenstrategie verfolgen: 1) Erweiterung über NEVs hinaus in autonome Logistik, Drohnen und intelligente Wearables, 2) Aufbau des NWTN Smart Industrial Parks in Abu Dhabi, und 3) Schaffung eines "Technologie + Fertigung + Kapital"-Modells unter Nutzung der Stärken der VAE.

Positive
  • Strategic transformation from NEV manufacturer to broader smart technology platform expands market opportunities
  • Appointment of experienced CEO with 30+ years of global leadership in technology and mobility
  • Establishment of Smart Industrial Park in Abu Dhabi enhances manufacturing capabilities
  • Diversification into high-growth sectors including autonomous logistics, drones, and smart wearables
Negative
  • Significant transformation may pose execution and integration risks
  • Expansion beyond core NEV business could lead to resource dilution
  • Heavy investment required for new manufacturing facilities and product development

DUBAI, UAE, May 16, 2025 /PRNewswire/ -- NWTN Inc. (Nasdaq: NWTN), a Dubai-headquartered Intelligent New Energy Vehicles (NEV) and smart technology company, announced the appointment of Mr. Benjamin Zhai as Executive Director of the Board and Global Chief Executive Officer.

This leadership change marks a milestone in NWTN's strategic evolution, transforming from a NEV manufacturer to a global smart technology platform, poised to revolutionize innovation and supply chain ecosystem.

The NWTN board announcement stated, "We are excited to have Mr. Zhai to lead the company's transformation and growth in the next phase. Mr. Zhai's deep experience and impressive track record in building and transforming technology companies is a perfect match for our group."

Mr. Zhai brings over three decades of global leadership experience across technology, mobility, and venture investment. He has worked extensively in Asia, Americas, Europe and Oceania, and has held senior roles at EDS (now HP), Kearney, Egon Zehnder, and Russell Reynolds, and played critical roles in several high-growth ventures such as NIO. He was former Chairman of NIO Global User Trust, CEO of Canoo (Go EV) China, CEO of Shenzhen Talent Group, Managing Partner of Russell Reynolds' Automotive Practice in Asia Pacific and Americas, Managing Partner of Egon Zehnder's Industrial Practice in Asia Pacific.

"NWTN is embarking on an exciting journey, fueled by AI, electrification, and new version of globalization," said Mr. Zhai. "With UAE as our global hub, we are committed to builingÌýa platform combining smart manufacturing, agile supply chains, and industrial-digital finance."

Under Mr. Zhai's leadership, NWTN will implement a transformative three-pillar strategy:

  • Global Smart Innovation â€� Expand product offerings beyond NEVs to include autonomous logistics systems, drones, and smart wearables and other smart devices.
  • Advanced Manufacturing in UAE â€� EstablishÌýthe NWTN Smart Industrial Park in Abu Dhabi, integrating R&D, vehicle assembly, and intelligent equipment productionÌýto enhance smart manufacturing capabilities.
  • Industrial-Digital Finance ConvergenceÌýâ€� Leverage the UAE's strengths in industry policy, technology and talent, to create a "technology + manufacturing + capital" model.

"There is no better place than UAE to drive NWTN's transformation. We look forward to partnering with technology innovators and entrepreneurs around the world, and we are committed to making this world more intelligent, more connected and more integrated." Mr. Zhai concluded.

About NWTN

NWTN is a global innovator in smart EVs, green energy solutions, and autonomous driving technologies, headquartered in Dubai, UAE.

For Media Enquiries:
NWTN PR Team
·¡³¾²¹¾±±ô:Ìý[email protected]Ìý

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SOURCE NWTN Inc.

FAQ

Who is the new CEO of NWTN (NWTN) and what is his background?

Benjamin Zhai is NWTN's new CEO, bringing over 30 years of global leadership experience in technology, mobility, and venture investment. He previously held senior roles at NIO, Canoo, EDS, Kearney, and Russell Reynolds.

What are the three main pillars of NWTN's (NWTN) new transformation strategy?

NWTN's three-pillar strategy includes: 1) Global Smart Innovation expanding beyond NEVs, 2) Advanced Manufacturing in UAE through the Smart Industrial Park in Abu Dhabi, and 3) Industrial-Digital Finance Convergence combining technology, manufacturing, and capital.

How is NWTN (NWTN) planning to expand its product offerings?

NWTN plans to expand beyond NEVs to include autonomous logistics systems, drones, smart wearables, and other smart devices as part of its Global Smart Innovation strategy.

What is NWTN's (NWTN) manufacturing strategy in the UAE?

NWTN is establishing a Smart Industrial Park in Abu Dhabi that will integrate R&D, vehicle assembly, and intelligent equipment production to enhance smart manufacturing capabilities.
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