ISLAMABAD: UAE’s NWTN Inc. has signed an agreement with Pakistan’s JW Corporation to assemble and export new-energy commercial vehicles, marking one of the largest foreign entries into the South Asian nation’s emerging electric vehicle (EV) market, the companies said in a joint statement this week.
Under the Asset Contribution and Share Issuance Agreement, NWTN will have exclusive use of JW’s complete knock-down (CKD) automotive assembly facility in Lahore’s China-Pakistan Special Economic Zone and access to the company’s nationwide sales network of more than 400 outlets.
Leveraging the 563,000-square-foot facility and established distribution channels, NWTN aims to bring “market-competitive multifunctional new energy commercial vehicles to the global market.”
“This collaboration introduces advanced EV technology to Pakistan’s manufacturing ecosystem. Through CKD operations at JW-SEZ, we aim to develop South Asia’s premier new energy commercial vehicle export base,” JW Corporation CEO Muhammad Javed Afridi said in a press release this week.
NWTN CEO Benjamin Zhai said the tie-up “advances the UAE’s sustainable manufacturing goals under its national vision while leveraging Dubai’s trade hub status to globalize our OEM partner’s brand.”
