Robo.ai shares surge 21.51% intraday after acquiring 51% stake in Chinasky to accelerate intelligent hardware distribution expansion.

Robo.ai Inc. surged 21.51% intraday after announcing the acquisition of a 51% stake in Chinasky Car Trading FZE, a UAE-based automotive trading company with a $30 million revenue and distribution networks across 20+ Central Asian, North African, and Eastern European markets. The deal, intended to transform Chinasky’s Jebel Ali Free Zone infrastructure into a global hub for Robo.ai’s intelligent hardware—including Robotaxis, eVTOLs, and logistics robots—aligns with the company’s strategy to integrate AI software, hardware, and smart assets. By leveraging Chinasky’s established trade network, Robo.ai aims to accelerate market entry for its products, reduce capital costs, and expand its RoBUS commercial vehicle venture. The transaction, described as a pivotal step in merging virtual technologies with physical applications, underscores confidence in the company’s growth trajectory through strategic partnerships and infrastructure consolidation.