v3.26.1
Organization and Principal Activities (Tables)
12 Months Ended
Dec. 31, 2025
Organization and Principal Activities [Abstract]  
Schedule of Subsidiaries

As of December 31, 2025, the details of the Company’s subsidiaries are as follows.

Name

 

Date of
Incorporation

 

Place of
incorporation

 

Percentage of
ownership

 

Principal Activities

ICONIQ

 

March 11, 2021

 

Cayman Islands

 

100%

 

Investment holding

FZCO

 

March 22, 2022

 

Dubai

 

100%

 

Business management, operations, commercialization

NWTN Technology USA INC.

 

October 20, 2022

 

USA

 

100%

 

Investment holding

NWTN Automobile Cars Trading Sole Proprietary LLC

 

February 23, 2023

 

Dubai

 

100%

 

Vehicle wholesale and retail

NWTN Technologies Industries Solo Proprietorship L.L.C.

 

November 22, 2022

 

Dubai

 

100%

 

Business management, operations, commercialization

ICONIQ Motors Limited

 

March 24, 2021

 

British Virgin Islands

 

100%

 

Investment holding

ICONIQ Global Limited

 

April 28, 2021

 

Hong Kong, PRC

 

100%

 

Investment holding

Suez Top Ventures Limited

 

November 25, 2021

 

Hong Kong, PRC

 

100%

 

Investment holding

ICONIQ (Tianjin) Investment Co. Ltd (“WFOE”)

 

July 15, 2021

 

PRC

 

100%

 

Investment holding

ICONIQ (Tianjin) Motors Co., Ltd.

 

August 11, 2021

 

PRC

 

100%

 

Investment holding

Name

 

Date of
Incorporation

 

Place of
incorporation

 

Percentage of
ownership

 

Principal Activities

NWTN (Zhejiang) Motors Limited (“NWTN Zhejiang”)

 

June 14, 2022

 

PRC

 

100%

 

Business management, operations, commercialization

NWTN Smart Motors Shenzhen New Technology Limited

 

December 30, 2022

 

PRC

 

100%

 

Technology development

Tianqi Group

 

September 5, 2016

 

PRC

 

95.88%

 

Design and technology development

Shanghai Zunyu Automobile Sales Co., Ltd. (“Shanghai Zunyu”)

 

December 27, 2014

 

PRC

 

99.31%

 

Vehicle wholesale and retail

Shanghai ICONIQ New Energy Development Co., Ltd. (“Shanghai ICONIQ”)

 

April 25, 2014

 

PRC

 

95.88%

 

Technology development

Tianjin Tianqi New Energy Automobile Co., Ltd. (“Tianjin Tianqi”)

 

December 7, 2018

 

PRC

 

95.88%

 

Technology development

East Stone

 

August 9, 2018

 

BVI

 

100%

 

Investment holding

NWTN General Trading Sole Proprietary LLC

 

February 23, 2023

 

Dubai

 

100%

 

General trading

NWTN Green Energy Co.

 

May 31, 2023

 

Dubai

 

100%

 

Business management

Robo.ai Investment

 

February 21, 2025

 

Dubai

 

100%

 

Investm ent holding

NWTN holding limited

 

January 15, 2025

 

Cayman Islands

 

100%

 

Investment holding

NWTN Global Energy Co. LTD

 

April 18, 2023

 

Hong Kong, PRC

 

100%

 

Business management

Astra Mobility Meta (Cayman Islands) Limited (“Astra”)*

 

August 29, 2025

 

Cayman Islands

 

100%

 

Investment holding

*        On February 28, 2025, the Company entered into a share exchange agreement with Astra, pursuant to which the Company agreed to acquire 100% of Astra’s equity. The acquisition consideration consists of the issuance of 15,000,000 Class B ordinary shares to Astra’s shareholders, subject to certain performance conditions and a lock-up period. Upon completion of the acquisition on August 29, 2025, Astra became the Company’s wholly-owned subsidiary. As of the date of this annual report, the consideration shares have not yet been issued.