NWTN's New Energy Vehicle Rabdan One Officially Recognized with "Made in the Emirates" Mark

Rhea-AI Summary

NWTN Inc. announces its first new energy vehicle, Rabdan One, is officially marked as 'Made in the Emirates.'

Positive

• NWTN obtained its World Manufacturer Identifier (WMI) and passed the inspection of the Ministry of Industry and Advanced Technology (MoIAT) for 'Made in the Emirates' certification.
• Rabdan One vehicles were featured prominently at the ADIPEC 2023 gathering in Abu Dhabi.
• NWTN signed a memorandum of understanding (MOU) with the Abu Dhabi Department of Economic Development and an 'All-weather Strategic Partnership Agreement' with Abu Dhabi Port Group.

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• None.

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

FAQ

What is NWTN's first new energy vehicle?

NWTN's first new energy vehicle is Rabdan One.

What is the 'Made in the Emirates' mark?

The 'Made in the Emirates' mark is a quality mark for UAE-made products that comply with national quality and safety standards.

What partnerships has NWTN recently signed?

NWTN has signed a memorandum of understanding (MOU) with the Abu Dhabi Department of Economic Development and an 'All-weather Strategic Partnership Agreement' with Abu Dhabi Port Group.