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NWTN Inc. Class B Ordinary Shares - $NWTN STOCK NEWS

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Rhea-AI Summary
NWTN Inc. (Nasdaq: NWTN) announced its unaudited financial results for the six months ended June 30, 2023. The company reported a revenue of $0.6 million, gross margin of 10.8%, and a net loss of $69.8 million. The company has completed the construction of its electric vehicle assembly facility in Khalifa Economic Zones Abu Dhabi and is investing significantly in R&D, particularly in developing its premium flagship Smart Passenger Vehicle, the MUSE. However, NWTN entered a share subscription agreement with CENEV, which was terminated due to significant uncertainties on the likelihood of CENEV's being able to meet various closing conditions under the agreement.
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Rhea-AI Sentiment
End-of-Day
-0.26%
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Rhea-AI Summary
NWTN Inc. (Nasdaq: NWTN) collaborates with Abu Dhabi Islamic Bank PJSC (ADIB) to enhance the electric vehicle market in the UAE and beyond, offering exclusive auto financing options for Rabdan vehicles.
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Rhea-AI Sentiment
End-of-Day
6.7%
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Rhea-AI Summary
NWTN Inc. (Nasdaq: NWTN) partners with China State Construction Engineering Corporation (Middle East) LLC (CSCEC) to advance new energy vehicles and green hydrogen projects, marking a significant stride in international cooperation and sustainable development.
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End-of-Day
-0.69%
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partnership
Rhea-AI Summary
NWTN Inc. (Nasdaq: NWTN) has made a remarkable impact at the COP28 conference with its eco-conscious mobility technology and passenger-centric green premium mobility solutions. The company's joint exhibition with the UAE Ministry of Industry and Advanced Technology, Abu Dhabi Ports, Abu Dhabi Department of Economic Development, and China Construction showcased its commitment to promoting cleaner energy ecosystems and innovative transportation solutions. NWTN's partnerships and strategies have received high-level endorsements, and its 'Made in the Emirates' certification for the Rabdan One vehicle marks a significant achievement. The company's dedication to advancing sustainable mobility and its innovative exhibits at COP28 reflect its mission of shaping a zero-emissions future.
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Rhea-AI Sentiment
End-of-Day
3.4%
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Rhea-AI Summary
NWTN Inc. (Nasdaq: NWTN) to exhibit augmented reality interactive experience at COP28 UAE, showcasing clean energy value chain technologies and passenger-centric green mobility solutions.
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-0.65%
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NWTN Inc. announces its first new energy vehicle, Rabdan One, is officially marked as 'Made in the Emirates.'
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End-of-Day
13.78%
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Rhea-AI Summary
NWTN premieres Rabdan MUSE, a passenger-centric smart electric vehicle, showcasing their vision for the future of mobility. The vehicle offers marvellous engineering, unique passenger-centric features, sensual design, and refined elegance. It is built upon the Gravity Zero Platform, which reduces vehicle material costs and development time. NWTN also introduces NWTOPIA, an ecosystem that integrates smart passenger vehicles with sustainable living. NWTO tokens are introduced as a gateway to various services within the ecosystem.
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Rhea-AI Sentiment
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0.7%
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News
Rhea-AI Summary
NWTN premieres Rabdan MUSE at Pebble Beach Concours D'Elegance, showcasing passenger-centric smart passenger vehicles
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Rhea-AI Sentiment
End-of-Day
0.7%
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Rhea-AI Summary
NWTN Inc. announces a strategic investment of $500 million in China Evergrande New Energy Vehicle Group Ltd. The investment aims to accelerate NWTN's development in the electric vehicle space. The transaction is expected to close in Q4 2023, subject to customary and other closing conditions.
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Rhea-AI Sentiment
End-of-Day
3.79%
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Rhea-AI Impact
Rhea-AI Sentiment
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-1.22%
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NWTN Inc. Class B Ordinary Shares

Nasdaq:NWTN

NWTN Rankings

NWTN Stock Data

1.25B
246.44M
2.77%
0.22%
0.01%
Automobile Manufacturing
Manufacturing
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United States of America
Dubai