DUBAI, UAE, April 11, 2023 /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 its first electric vehicle ("EV")
assembly facility located in the Khalifa Economic Zone Abu Dhabi
("KEZAD") was successfully accredited with ISO 9001, ISO 14001, and
ISO 45001 - Integrated Management System ("IMS"). The ISO
certifications represent NWTN's commitment to high standards of
quality management, environmental management, and safety
management.
The IMS standard is based on a number of quality, health,
safety, and environment management principles for businesses,
including a strong customer focus, the commitment and motivation of
top management, a process approach and a dedication to continual
improvement.
NWTN management believes the ISO IMS accreditations will help
improve service for customers, as they are designed to assist
companies in making its business operations more efficient and
maintaining a high standard of service delivery. NWTN believes
these accreditations will support NWTN's goal of being customer
centric in the international electric vehicle market.
NWTN is extremely proud of this achievement as it will assist
its KEZAD facility in continually improving the quality of its
products and services, which in turn may serve to increase the
satisfaction of customers, employees, shareholders, and suppliers.
As the first UAE-based EV company listed on the Nasdaq Stock
Market, NWTN has received strong financial and policy support from
the local government.
NWTN completed construction of its facility in KEAZD at the end
of 2022. The facility measures approximately 270,000 square feet
and received its commercial and industrial licences in February of
2023. The KEZAD facility enables NWTN to address the rapidly
growing demand for EVs in the UAE and the Middle East, promote green mobility, and
accelerate sustainable energy transformation in the UAE. At
present, the production line is nearly complete, and NWTN has been
working with BASF, the chemical company for paint surface
refinishing as well as manufacturing safety training. Thanks
to the unique capital and location advantages of the UAE, as well
as opportunities to capitalize on an advanced supply chain system
in China, NWTN believes it has the
potential to become a dazzling pearl in the global new energy
industry chain.
In another development, NWTN completed a customer order with the
delivery of 10 range-extended electric vehicles ("R-EEV") this past
week. The delivery marks a new milestone of 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 are uniquely suited to the UAE
market. The vehicle's range-extended technology is designed
to overcome the problems of limited charging facilities in the UAE
and long-distance travel in the country.
ABOUT NWTN
NWTN is a pioneering green energy company dedicated to providing
passenger-focused, premium electric vehicle products and green
energy solutions to customers worldwide.
Headquartered in Dubai, United Arab
Emirates (UAE), NWTN has a full vehicle assembly facility in
Abu Dhabi and a supply chain
manufacturing base in Jinhua, China.
NWTN is committed to the future of mobility solutions that
integrate pioneering design, personalized lifestyles, Internet of
Everything (IoT), autonomous driving technology and the eco-system
of green energy.
In addition to the offering of new energy vehicles, NWTN is
exploring opportunities in the entire clean energy value chain,
including photovoltaics, green hydrogen power and energy storage in
the UAE, the Middle East,
North Africa, China, other Asian countries and Europe.
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. Actual results (including, without limitation,
with respect to the expected benefits from the ISO IMS
accreditations, the progress of the production line at KEZAD
facility, the expansion strategy and anticipated results of R-EEVs'
technology) may differ significantly from those set forth or
implied in the forward-looking statements. 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
risk 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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