Robo.ai Inc Establishes Joint Venture in UAE for Electric Vertical Takeoff Aircraft Deployment

Deep News

09/11

Robo.ai Inc (AIIO) shares declined 3.1% in early Thursday trading following the company's announcement of establishing a joint venture in the United Arab Emirates focused on deploying electric vertical takeoff and landing aircraft.

The partnership with EHang Intelligent Aviation Technology is designed to create a global sales network and enable localized manufacturing operations in the Middle East region.

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