Nwtn announces agreement to acquire strategic stake in evergrande new energy auto

Dubai , uae, aug. 14, 2023 /prnewswire/ -- nwtn inc. (nasdaq: nwtn), an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world ("nwtn" or the "company"), today announced that the company has reached an agreement to make a strategic investment of us$500 million in china evergrande new energy vehicle group ltd. (hkse:0708), a chinese automobile manufacturer that specializes in developing electric vehicles ("evgrf"), aiming to accelerate nwtn's development in the electric vehicle space.
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