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NWTN Appoints New CEO to Drive Strategic Transformation

1. NWTN appoints Mr. Benjamin Zhai as CEO and Executive Director. 2. Leadership change signals NWTN's transformation to a smart technology platform. 3. Zhai brings 30+ years of global leadership in technology and venture investment. 4. NWTN plans to enhance smart manufacturing in UAE with a new industrial park. 5. Three-pillar strategy includes global smart innovation, manufacturing, and finance convergence.

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FAQ

Why Bullish?

The strategic shift under Zhai indicates potential for higher market valuation, similar to NIO's growth story.

How important is it?

Leadership changes with a strong strategic vision often drive investor confidence and stock performance.

Why Long Term?

Transformative initiatives will take time to implement, similar to Tesla's gradual market expansion.

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NIOTSLAGOEV
, /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 builing a 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 – Expand product offerings beyond NEVs to include autonomous logistics systems, drones, and smart wearables and other smart devices. Advanced Manufacturing in UAE – Establish the NWTN Smart Industrial Park in Abu Dhabi, integrating R&D, vehicle assembly, and intelligent equipment production to enhance smart manufacturing capabilities. Industrial-Digital Finance Convergence – 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 TeamEmail: [email protected]  SOURCE NWTN Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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