DUBAI, UAE, Dec. 4, 2023 /PRNewswire/ -- NWTN Inc. (Nasdaq:
NWTN), an eco-conscious mobility technology company bringing
passenger-centric green premium mobility solutions to the world
("NWTN" or the "Company"), has made a remarkable impact in the
first three days of the COP28
conference. The company's joint 150-square-meter exhibition, in
collaboration with the UAE Ministry of Industry and Advanced
Technology (MoIAT), Abu Dhabi Ports (AD Ports), Abu Dhabi
Department of Economic Development (ADDED), and China Construction,
is a beacon of innovation at Technology and Innovation Hub 2, booth
No.518.
Engaging with Global Perspectives
On the first day of COP28, NWTN
attracted many local UAE media outlets, underscoring its commitment
to promoting passenger-centric mobility solutions and a cleaner
energy ecosystem. The highlight was a special media briefing that
detailed NWTN's partnerships and strategies in transforming the
energy landscape.
High-Level Endorsements and Partnerships
NWTN's exhibition received high-profile visits from senior
representatives of MoIAT and ADDED.
NWTN previously passed the inspection of the Ministry of
Industry and Advanced Technology 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.
MoIAT plays a crucial role in supporting the UAE's ambitious
target of achieving zero emissions by 2050 in several key areas:
the promotion of advanced technologies; policy development and
implementation; collaborations with stakeholders; encouraging
research and innovation; ensuring sustainable industrial
development; and education and awareness.
By focusing on these areas, MoIAT contributes significantly to
the UAE's goal of achieving zero emissions by 2050, aligning
industrial growth with environmental sustainability.
Additionally, an MOU previously signed with ADDED has the
potential to revolutionize the automotive industry in Abu Dhabi, aligning with the Industrial Vision
2031.
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. Furthermore, the MOU aims to
foster an innovative community that actively contributes to
automotive technology trends, while strengthening collaboration in
the green economy and environmental sectors.
ADDED contributes to the UAE's zero emissions 2050 target
through several initiatives and strategies, focusing on sustainable
economic development. These include promoting sustainable
economic growth; facilitating investments and partnerships in
renewable energy and clean-tech industries; implementing green
building and infrastructure standards; promoting sustainable
transportation solutions; and collaborating with other government
entities, international organizations, and the private sector.
In a strategic move, NWTN and AD Ports signed an MOU, focusing
on logistics, local manufacturing, shipments, customs clearance,
financing, and vehicle distribution. This partnership is set to
facilitate NWTN's expansion in the UAE and contribute to the
economic development of Abu
Dhabi.
Innovative Exhibits and Augmented Reality Experience
The exhibition stand features an augmented reality interactive
experience, guiding visitors through the clean energy value chain,
from the generation of energy to the storage of energy to the
utilization of energy. A standout component is the Rabdan Muse,
NWTN's smart passenger vehicle, which epitomizes futuristic design,
power, comfort, and a unique digital infotainment system focused on
passenger-centricity. Muse's display follows its successful
unveiling at the annual Monterey Car Week in August 2023.
Propelling Towards a New Age of Enlightenment
NWTN's exhibit is not just a display of technological prowess
but a journey towards a new age of enlightenment. It's a tribute to
Sir Isaac Newton and a testament to
NWTN's dedication to advancing cleaner energy ecosystems and
passenger-centric mobility solutions.
Conclusion: A Sustainable Future with NWTN
As NWTN continues its journey at COP28, it remains committed to its mission of
shaping a sustainable future. The company's innovative approach,
strategic partnerships, and groundbreaking products are setting new
standards in the industry, driving towards a zero-emissions
future.
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.
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: 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, but not limited
to, the anticipated benefits of its partnerships) that are based on
current expectations and assumptions and, as a result, are subject
to risks and uncertainties.
Actual results (including, but not limited to, the success of
NWTN's partnerships in developing clean energy solutions) 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.
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