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dubaiUnited Arab Emirates, April 17, 2023 /PRNewswire/ — NWTN Inc. (NASDAQ: NWTN ), an eco-conscious mobility technology company providing the world with passenger-centric green high-end mobility solutions (“NWTN”), today announced the signing of Memorandum of Understanding (“MOU”) “) and Al Kalid Auto LLC (“Kalid“) for the delivery of over a thousand Rabdan ONE vehicles over the next two years. Under the MoU, NWTN will start developing its sales and distribution network in GCC countries.
According to the memorandum of understanding, Kalid It will become the exclusive distributor of Rabdan brand cars, realize the sales of Rabdan cars, spare parts and accessories, and provide after-sales services. State of Kuwait. Kalid The Rabdan brand will be promoted and there are plans to establish a flagship showroom at Warehouse Mall in Sadiya and develop three more sales outlets.
NWTN will assist Kalid Provide technical, after-sales, marketing and communications support throughout the duration of the MOU.
NWTN and Kalid Signing at the NWTN Suhoor gathering at NWTN’s assembly plant in Khalifa Economic Zone Abu Dhabi (“KEZAD”) to celebrate Ramadan.
NWTN will complete construction of its facility at KEZAD by the end of 2022. KEZAD facility enables NWTN to meet rapidly growing demand for electric vehicles in UAE and Middle East middle Eastto promote green transport and accelerate the sustainable energy transition in the UAE.
Guests mingle and enjoy traditional Suhoor dishes, and also get an exclusive preview and experience of Rabdan ONE, the first product of the Rabdan brand.
The origin of the Rabdan brand is deeply rooted in Arabic culture. The brand will cover a full range of intelligent new energy passenger vehicle products ranging from extended range to pure electric technology solutions. NWTN believes that these vehicles complement the improvements and changes in local new energy infrastructure, such as charging stations in the bay, middle Eastand North Africa.
Rabdan products will integrate the advanced technology and resources of the global new energy vehicle industry, from driving experience, smart comfort to energy saving and emission reduction, and completely surpass traditional fuel vehicle products. It will define a new way of traveling and living.
Rabdan ONE is a dynamic, intelligent and comfortable all-wheel drive SUV, which adopts the world’s leading range-extending technology. The comprehensive battery life can reach 860 kilometers, which can save energy and reduce emissions while eliminating battery life anxiety. It has excellent stamina and is capable of traveling long distances. Rabdan ONE is suitable for business, home, leisure, adventure, work and leisure and many other uses.
About New World
NWTN is a pioneering green energy company dedicated to providing premium passenger-centric electric vehicle products and green energy solutions to customers around the world.
Headquartered in Dubai, United Arab Emirates (UAE), NWTN at Abu Dhabi And the supply chain manufacturing base in Jinhua, China.
NWTN is committed to future travel solutions that integrate pioneering design, personalized lifestyle, Internet of Everything (IoT), autonomous driving technology and green energy ecosystem.
In addition to offering new energy vehicles, NWTN is also exploring opportunities across the clean energy value chain in the UAE, including photovoltaics, green hydrogen and energy storage. middle East, north africa, Chinaother asian countries and Europe.
For more information, please visit: https://www.nwtnmotors.com.
forward-looking statement
This news release may contain forward-looking statements by implication part Section 27A of the Securities Act of 1933, as amended, and part 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,” “anticipate,” “intend,” “anticipate,” “believe,” “estimate” and “continue” or similar words. You should read statements containing these words carefully because they discuss future expectations and plans, contain projections of future operating performance or financial condition, or state other forward-looking information.
Forward-looking statements are predictions, predictions and other statements about future events based on current expectations and assumptions and are therefore subject to risks and uncertainties. Actual results (including, but not limited to, the expected benefits of the MOU and the KEZAD facility, and the expected results and capabilities of Rabdan’s products) could differ materially from those stated or implied in the forward-looking statements.A number of factors could cause actual future events to differ materially from the forward-looking statements in this press release, including, but not limited to, risk factors contained in NWTN’s filings with the Securities and Exchange Commission, available at www.sec.gov. Forward-looking statements speak only as of the date on which they are made. New risks and uncertainties arise over time and NWTN cannot predict these events or how they may affect NWTN. If events and circumstances reflected in NWTN’s forward-looking statements change, NWTN’s business, financial condition and results of operations may differ materially from those expressed in NWTN’s forward-looking statements.
Readers are cautioned not to place undue reliance on forward-looking statements, and NWTN undertakes 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.
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