6-K
Robo.Ai Inc. (AIIO)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
SECURITIES EXCHANGE ACT OF 1934
For the month of May 2025
Commission File Number: 001-41559
NWTN Inc.
(Translation of registrant’s name into English)
c/o Alan Nan WU
Office 114-117, Floor 1,
Building A1,
Dubai Digital Park, Dubai Silicon Oasis,
Dubai, UAE
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Explanatory Note:
NWTN Inc., a Cayman Islands exempted company, is filing this Report on Form 6-K to report its financial results for the six months ended June 30, 2024, which are included as Exhibit 99.1 hereto.
EXHIBIT INDEX
| Exhibit No. | Description |
|---|---|
| 99.1 | Financial Results for the Six Months Ended June 30, 2024. |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: May 9, 2025
| NWTN Inc. | |
|---|---|
| By: | /s/ Alan Nan Wu |
| Name: | Alan Nan Wu |
| Title: | Chief Executive Officer, Executive Director and<br> Chairman |
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Exhibit 99.1
1H 2024 Financial Highlights
Our revenue was approximately $ 7.12 million in the six months ended June 30, 2024, compared with approximately $0.58 million for the six months ended June 30, 2023, representing an increase of 1,128%.
We recorded operating expenses of approximately $15.85 million for the six months ended June 30, 2024, compared with approximately $48.37 million for the six months ended June 30, 2023, representing a decrease of 67%.
We recorded a net loss of approximately $32.69 million for the six months ended June 30, 2024, compared with approximately $84.54 million for the six months ended June 30, 2023, representing a decrease of 61%.
NWTN INC.
UNAUDITED AND UNREVIEWED CONDENSED CONSOLIDATED BALANCE SHEETS
(All amounts in thousands, except for share and per share data, or otherwise noted)
| As of<br> December 31, | |||
|---|---|---|---|
| 2023 | |||
| US | |||
| Assets | |||
| Current assets: | |||
| Cash and cash equivalents | |||
| Restricted cash | |||
| Accounts receivable, net | |||
| Advance to suppliers, net | |||
| Inventories, net | |||
| Prepaid expenses and other current assets, net | |||
| Amounts due from related parties, net | |||
| Total current assets | |||
| Non-current assets: | |||
| Property and equipment, net | |||
| Intangible assets, net | |||
| Operating lease right-of-use asset, net | |||
| PIPE escrow account | |||
| Long-term investments | |||
| Total non-current assets | |||
| TOTAL ASSETS | |||
| Liabilities | |||
| Current liabilities: | |||
| Accounts payable | |||
| Advance from customers | |||
| Loans from a third party | |||
| Warrant liabilities | |||
| Amounts due to related parties | |||
| Accrued expenses and other current liabilities | |||
| Lease liabilities, current | |||
| Total current liabilities | |||
| Non-current liabilities: | |||
| Amounts due to a related party, non-current | - | ||
| Lease liabilities, non-current | |||
| Total non-current liabilities | |||
| TOTAL LIABILITIES | |||
| Shareholders’ equity | |||
| Class A Ordinary Shares* (par value of US0.0001 per share; 100,000,000 and 100,000,000 Class A Ordinary Shares authorized, as of June 30, 2024 and December 31, 2023, respectively; 36,350,011 and 36,350,011 Class A Ordinary Shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively) | |||
| Class B Ordinary Shares* (par value of US0.0001 per share; 400,000,000 and 400,000,000 Class B Ordinary Shares authorized, as of June 30, 2024 and December 31, 2023, respectively; 255,849,682 and 255,849,682 Class B Ordinary Shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively) | |||
| Subscription receivables | |||
| Additional paid-in capital | |||
| Accumulated deficit | ) | ) | |
| Accumulated other comprehensive loss | ) | ) | |
| Shareholders’ equity | |||
| Non-controlling interests | ) | ) | |
| Total Shareholders’ equity | |||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |
All values are in US Dollars.
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NWTN INC.
UNAUDITED AND UNREVIEWED CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
(All amounts in thousands, except for share and per share data, or otherwise noted)
| For the six months ended<br> June 30 | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| US | US | |||
| Net revenue | ||||
| Cost of revenues | ) | ) | ||
| Gross profit | ) | |||
| Operating expenses: | ||||
| General and administrative expenses | ) | ) | ||
| Selling expenses | ) | ) | ||
| Research and development expenses | ) | ) | ||
| Total operating expenses | ) | ) | ||
| Loss from operations | ) | ) | ||
| Other loss: | ||||
| Other income (expenses), net | ) | |||
| Loss on contingency | ) | |||
| Interest income (expenses), net | ||||
| Financial expenses | ) | ) | ||
| Loss of impairment on investments | ||||
| Changes in fair value of warrant liabilities | ) | ) | ||
| Investment loss | ||||
| Total other loss | ) | ) | ||
| Loss before income tax provision | ) | ) | ||
| Income tax provision | ||||
| Net loss | ) | ) | ||
| Less: Net loss contributed to noncontrolling interests from continuing operations | ) | ) | ||
| Net loss attributable to shareholders | ) | ) | ||
| Other comprehensive loss | ||||
| Foreign currency translation (loss) gain | ) | ) | ||
| Total comprehensive loss | ) | ) | ||
| Loss per ordinary share attributable to shareholders | ||||
| Basic and Diluted | ) | ) | ||
| Weighted average number of ordinary shares outstanding | ||||
| Basic and Diluted |
All values are in US Dollars.
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