NWTN Inc. Announces Key Executive Appointments to Accelerate Strategic Transformation

Rhea-AI Summary

NWTN (NASDAQ: NWTN) has announced key executive appointments as part of its strategic transformation from a new energy vehicle specialist to a global smart technology platform. The company appointed Adrian Wong as CFO and John Xie as COO, effective July 3, 2025.

Wong brings nearly two decades of experience from Morgan Stanley and China Galaxy International Securities, with expertise in strategic financing and capital operations. Xie contributes expertise in lean management, ESG governance, and premium brand marketing, having previously served at NIO and Raytheon Professional Services.

These appointments follow the May 2025 hiring of Benjamin Zhai as Global CEO. The company aims to leverage its Asia-Pacific supply chain capabilities, UAE's strategic position, and global capital markets access to deliver shareholder value.

Positive

• Strategic transformation strengthening leadership with experienced executives in finance, operations, and strategy
• New executives bring diverse expertise from major firms like Morgan Stanley, NIO, and BMW
• Company positioned to leverage Asia-Pacific supply chain, UAE gateway, and global capital markets

Negative

• Significant organizational changes may lead to temporary transition challenges
• Complex transformation from vehicle specialist to technology platform carries execution risks

News Market Reaction – NWTN

-5.63%

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-5.63% News Effect

On the day this news was published, NWTN declined 5.63%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

DUBAI, UAE, July 7, 2025 /PRNewswire/ -- NWTN Inc. (Nasdaq: NWTN), a Nasdaq-listed company headquartered in the UAE, today announced two key executive appointments: Mr. Adrian Wong as Chief Financial Officer and Mr. John Xie as Chief Operating Officer. Both appointments are effective July 3, 2025.

These appointments mark the latest drive in NWTN's strategic transformation from a new energy vehicle specialist to a global smart technology platform. Following the appointment of Mr. Benjamin Zhai – a global executive with extensive experience in strategy, investment, and the automotive technology industry – as Global CEO on May 13, 2025, the new leadership team's expertise aligns closely with NWTN's strategic goals, creating synergy across strategy, capital, and operations.

CFO Adrian Wong holds degrees from the Wharton School, University of Pennsylvania and the Chinese University of Hong Kong. With nearly two decades of experience at leading international institutions, he previously served as Executive Director of Investment Banking at Morgan Stanley and Managing Director at China Galaxy International Securities. His background includes strategic financing, M&As, IPOs, and capital operations in high-growth technology, smart manufacturing, and mobility sectors. Earlier, he held a consulting role at Mercer.

COO John Xie, a graduate of Jilin University in Business Administration, brings expertise in lean management, ESG governance, premium brand marketing, and business community building. He previously served as Secretary-General of the NIO Users Trust and Chairman of the NIO Users Foundation. At Raytheon Professional Services, he led the Innovation Business Unit in China, focusing on automotive strategy consulting and smart manufacturing solutions. His earlier operational experience at BMW provides deep insight into global premium brand management.

CEO Benjamin Zhai stated: "We welcome these accomplished international executives to NWTN during our transformation. Mr. Wong's capital market and investment experience and Mr. Xie's operational expertise are vital to building our smart technology platform. Being located in the most dynamic and ambitious market, we will continue seeking technology assets and talent globally, and we look forward to working with entrepreneurs and investors in new energy, smart manufacturing, robotics, and AI sectors from around the world."

Amid complex geopolitical and trade dynamics, NWTN integrates three core strengths: Asia-Pacific supply chain capabilities, the UAE's strategic gateway position and global capital markets access—delivering sustainable value to shareholders, customers, and society.

About NWTN Inc.

NWTN Inc. (NASDAQ: NWTN) is a UAE-headquartered smart mobility and technology company, specializing in intelligent electric vehicles, AI-driven hardware, and blockchain-based products for advanced manufacturing. Through its "Intelligent Manufacturing + Global Ecosystem" strategy, NWTN is reshaping the transportation and technology landscape across the Middle East, Africa, and Europe.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are characterized by future or conditional verbs such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate" and "continue" or similar words. You should read statements that contain these words carefully because they discuss future expectations and plans, which contain projections of future results of operations or financial conditions or state other forward-looking information.

View original content:https://www.prnewswire.com/news-releases/nwtn-inc-announces-key-executive-appointments-to-accelerate-strategic-transformation-302498435.html

SOURCE NWTN Inc.

FAQ

Who are the new executives appointed at NWTN (NASDAQ: NWTN)?

NWTN appointed Adrian Wong as Chief Financial Officer and John Xie as Chief Operating Officer, effective July 3, 2025. These appointments follow Benjamin Zhai becoming Global CEO in May 2025.

What is NWTN's strategic transformation plan?

NWTN is transforming from a new energy vehicle specialist into a global smart technology platform, focusing on new energy, smart manufacturing, robotics, and AI sectors.

What experience does NWTN's new CFO Adrian Wong bring?

Adrian Wong brings nearly two decades of experience from Morgan Stanley and China Galaxy International Securities, with expertise in strategic financing, M&As, IPOs, and capital operations in technology and mobility sectors.

What is NWTN's competitive advantage in the market?

NWTN integrates three core strengths: Asia-Pacific supply chain capabilities, the UAE's strategic gateway position, and global capital markets access to deliver sustainable value.

What is John Xie's background as NWTN's new COO?

John Xie previously served as Secretary-General of NIO Users Trust and has experience at Raytheon Professional Services and BMW, with expertise in lean management, ESG governance, and premium brand marketing.