DUBAI, UAE, Dec. 30, 2022 /PRNewswire/ -- NWTN Inc. (Nasdaq:
NWTN), an eco-conscious mobility technology company bringing
passenger-centric green premium mobility solutions to the world
("NWTN"), today announced that it delivered 20
range-extended electric vehicles ("R-EEVs") to M93 CAR RENTAL L.L.C
("M93 CAR RENTAL") at its newly constructed facility in the Khalifa
Economic Zones Abu Dhabi ("KEZAD"). The delivery kicks off
NWTN's plan to provide the UAE market with a range of innovative
products and solutions to promote the region's transformation to
sustainable energy.
The R-EEVs were the perfect choice for M93 CAR RENTAL and are
uniquely suited to the UAE market. The vehicle's
range-extended technology overcomes the problems of limited
charging facilities in the UAE and the long distances often
travelled in the country. The 20 R-EEVs were the first batch of
vehicles to be delivered to local clients within coming months.
"This is the first time we adopt new energy vehicles into our
operation fleet, we are so excited about it. This is in line
with the green energy transformation initiatives of our country,
and we are very proud to be an active part of it," said
Shahram Parvizi, Chairman & CEO
of M93 CAR RENTAL. "I would like to thank NWTN for providing
these advanced products and technology to us. We look forward
to rolling out additional new energy mobility technologies and
solutions from NWTN in the future."
Alan Wu, Chairman and CEO of NWTN
said at the delivery ceremony: "We are thrilled to see
our products and solutions start contributing to the UAE's
Zero Emission Initiative. This is the beginning of our long-term
commitment to the UAE and the Middle
East market. We will continue to promote green
mobility lifestyles and bring world leading sustainable
technologies to the UAE to help support the country's 'Net-Zero
2050' strategic initiative and energy transformation
blueprint."
The KEZAD assembly facility is NWTN's first facility in the
UAE. The facility will enable NWTN to conduct
semi-knockdown production with a greater proportion of
software and hardware localization and upgrades to meet the local
market needs. The KEZAD assembly facility is currently in the final
phase of installing equipment and conducting trial operations, and
is expected to be fully operational in the first quarter of
2023.
ABOUT NWTN
NWTN is a pioneering green technology company with a mission to
bring premium passenger-centric mobility and green energy solutions
to the world. Headquartered in Dubai and with its manufacturing facilities in
Abu Dhabi, UAE, NWTN aims to
integrate avant-garde design, life-style personalization, IoT
connectivity, autonomous driving technology, and green energy
eco-systems to its future mobility solutions. Its core technology
includes modular pure electric platforms, battery packing and
management technology, a digital on-board connectivity system,
continuously upgraded electric and electronic architecture as well
as autonomous driving technology.
NWTN focuses on growth and development in the entire value chain
of clean energy applications in the UAE and intends to expand to
the Middle East, North Africa, and other Southeast Asian and
European territories.
For further information, please visit:
https://www.nwtnmotors.com.
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Such forward-looking statements are characterized by
future or conditional verbs such as "may," "will," "expect,"
"intend," "anticipate," believe," "estimate" and "continue" or
similar words. You should read statements that contain these words
carefully because they discuss future expectations and plans, which
contain projections of future results of operations or financial
condition or state other forward-looking information.
Forward-looking statements are predictions, projections and
other statements about future events that are based on current
expectations and assumptions and, as a result, are subject to risks
and uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements in this press
release, including but not limited to the risks factors contained
in NWTN's filings with the Securities and Exchange Commission,
which are available for review at www.sec.gov. Forward-looking
statements speak only as of the date they are made. New risks and
uncertainties arise over time, and it is not possible NWTN to
predict those events or how they may affect NWTN. If a change to
the events and circumstances reflected in NWTN's forward-looking
statements occurs, NWTN's business, financial condition and
operating results may vary materially from those expressed in
NWTN's forward-looking statements.
Readers are cautioned not to put undue reliance on
forward-looking statements, and NWTN assumes no obligation and do
not intend to update or revise these forward-looking statements,
whether as a result of new information, future events or
otherwise.
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SOURCE NWTN
