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dubaiUnited Arab Emirates, December 30, 2022 /PRNewswire/ — NWTN Inc. (NASDAQ: NWTN ), an eco-conscious mobility technology company bringing green passenger-centric premium mobility solutions to the world (“NWTN”), announced today Delivery of 20 Range Extended Electric Vehicles (“R-EEVs”) to M93 CAR RENTAL LLC’s (“M93 CAR RENTAL”) new facility (“KEZAD”) in Khalifa Economic Zone, Abu Dhabi. The delivery kicks off NWTN’s plan to provide the UAE market with a range of innovative products and solutions to facilitate the region’s transition to sustainable energy.
The R-EEV is the perfect choice for the M93 CAR RENTAL and is especially suitable for the UAE market. The vehicle’s range-extending technology overcomes the limited charging facilities in the UAE and the frequent long-distance travel in the country. The 20 R-EEVs are the first vehicles to be delivered to local customers in the coming months.
“This is the first time we have incorporated a new energy vehicle into our operating fleet and we are very excited about it. It is in line with our country’s green energy transition plan and we are proud to be an active part of it,” said Shahram Parviz, Chairman and CEO of M93 CAR RENTAL. “I would like to thank NWTN for providing us with these advanced products and technologies. We look forward to launching more new energy mobility technologies and solutions from NWTN in the future.”
Alan WuSpeaking at the delivery ceremony, Chairman and CEO of NWTN said: “We are delighted to see our products and solutions starting to contribute to the UAE’s Zero Emissions initiative. This is the beginning of our long-term commitment to the UAE and 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 transition blueprint. “
The KEZAD assembly plant is NWTN’s first plant in the UAE. The facility will enable NWTN to carry out semi-knock-down production, localize and upgrade a greater proportion of hardware and software to meet local market demands. The KEZAD assembly plant is currently in the final stages of equipment installation and commissioning and is expected to be fully operational by the first quarter of 2023.
About New World
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 its manufacturing facilities Abu Dhabi, UAE, NWTN aims to integrate cutting-edge design, lifestyle personalization, IoT connectivity, autonomous driving technology and a green energy ecosystem into its future mobility solutions. Its core technologies include modular pure electric platforms, battery packaging and management technologies, digital in-vehicle interconnection systems, continuously upgraded electrical and electronic architectures, and autonomous driving technologies.
NWTN is focused on the growth and development of the entire value chain of clean energy applications in the UAE and intends to expand into middle East, north africaand other Southeast Asian and European regions.
For more information, please visit: https://www.nwtnmotors.com.
forward-looking statement
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,” “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.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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