NWTN Inc., an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world (“NWTN”), today announced that NWTN Technologies Industries – Sole Proprietorship LLC., NWTN’s wholly-owned subsidiary, signed a non-binding memorandum of understanding (“MOU”) with the Abu Dhabi Department of Economic Development (“DED”) 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. 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.
Within the framework of the MOU, the DED has committed to cooperation and coordination in order to devise a streamlined work system that simplifies, facilitates, and enhances the necessary procedures for NWTN to obtain industrial licenses. The DED will ensure that these procedures adhere to the required technical, organizational, and procedural standards.
The DED has agreed to promote and support the integration of Emirati nationals into the workforce of NWTN and NWTN has agreed to provide necessary training and professional development opportunities to the Emirati candidates.
The MOU is valid for an initial period of two years, with the option to renew upon mutual agreement between the parties.
