Robo.ai, a technology company building a global artificial intelligence machine economy platform, has entered into a definitive share purchase agreement to acquire a 51% equity interest in Chinasky Car Trading FZE, an automotive trading company based in the United Arab Emirates. The transaction is designed to transform Chinasky Car Trading FZE’s established trade network within the Jebel Ali Free Zone into a central global distribution hub for Robo.ai. The move supports Robo.ai’s broader strategy of combining AI software, intelligent hardware, and smart assets. The consolidation of distribution resources is expected to improve operational efficiency and support expansion into intelligent hardware markets. Chinasky Car Trading FZE, a subsidiary of the Canadian Jiacheng Group, is an automotive import and export trading company located in the Jebel Ali Free Zone in Dubai.

Source: The North Africa Journal February 28, 2026 04:15 UTC