ABU
DHABI, UAE, Oct. 9, 2023
/PRNewswire/ -- NWTN Inc. (Nasdaq: NWTN), a pioneering green energy
company dedicated to providing passenger-focused, premium electric
vehicle products and green energy solutions to customers worldwide
("NWTN"), proudly announces that its first new energy vehicle
("NEV"), Rabdan One, is officially marked as "Made in the
Emirates."
In August 2023, NWTN attained its
own World Manufacturer Identifier ("WMI"). The WMI is a
prerequisite for all original equipment manufacturers for vehicles.
The first three characters of the Vehicle Identification Number
("VIN") make up the WMI. These characters reflect the manufacturer
and identify the country of manufacture, and ultimately set NWTN as
an automaker apart from other manufacturers.
In addition to obtaining its WMI, NWTN has also passed the
inspection of the Ministry of Industry and Advanced Technology
("MoIAT") in aid of its "Made in the Emirates" certification
process. The inspection consisted of an audit of NWTN's supply
chain, warehousing, production process flows, quality control and
quality assurance in NWTN's assembly facility located in the
Khalifa Economic Zone Abu Dhabi ("KEZAD"). As a result, NWTN can
now label its products as "Made in the Emirates" – Rabdan One being
the first new energy vehicle with this mark in the UAE.
The "Made in the Emirates" mark was launched by the MoIAT as a
new quality mark for UAE-made products. The mark aims to increase
consumer confidence in local products. It indicates that products
comply with national quality and safety standards, which boosts
their competitiveness in international markets.
From October 2, 2023 to
October 5, 2023, Rabdan One
vehicles were featured prominently at the MoIAT's booth and proved
to be one of the most popular attractions on display at the ADIPEC
2023 gathering in Abu Dhabi of
global energy professionals. "Made in the Emirates" was displayed
on the doors and bonnet of the vehicles, in line with the country's
initiative to promote local manufacturing.
The Rabdan One is assembled in NWTN's first assembly facility
located in KEZAD, and the facility was accredited with ISO 9001,
ISO 14001, and ISO 45001 - Integrated Management System. The ISO
certifications represent a commitment to high standards of quality
management, environmental management, and safety management. As the
first UAE-based EV company listed on the Nasdaq Stock Market,
NWTN has been demonstrating its commitment to bringing sustainable
technology and high-quality products to the market by integrating
efficient supply chain and solution of the world.
In July 2023, NWTN signed a
memorandum of understanding ("MOU") with the Abu Dhabi Department
of Economic Development to enhance cooperation and contribute to
the development of the automotive industry in the Emirate of
Abu Dhabi. Under the terms of the
MOU, NWTN has agreed to establish and construct an integrated
production line, as well as to expand its factory in the Emirate of
Abu Dhabi in adherence to the
highest international standards. The MOU also entails mutual
cooperation between the parties to expedite the advancement of the
modern automobile industry and transportation in Abu Dhabi, in alignment with the goals set
forth in the Industrial Vision 2031. On September 28, 2023, NWTN signed an
"All-weather Strategic Partnership Agreement" with Abu Dhabi Port
Group, pursuant to which, Abu Dhabi Port Group has agreed to assist
and collaborate with NWTN in the area of automotive production
parts, complete built units, logistics on spare parts, local
manufacturing of spare parts, shipments, customs clearance,
financing to the upcoming project and of vehicle distribution
arrangement.
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.nwtn.ae.
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 (including, without
limitation, the market acceptance and product competitiveness of
Rabdan One and NWTN's business plans) that are based on current
expectations and assumptions and, as a result, are subject to risks
and uncertainties. Actual results 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 does
not intend to update or revise these forward-looking statements,
whether as a result of new information, future events or
otherwise.
CONTACT
For investor enquiries:
Michael Bowen
nwtnir@icrinc.com
For media enquiries:
Edmond Lococo
nwtnpr@icrinc.com
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SOURCE NWTN
