NWTN signs MoU with Al Kalid Auto L.L.C for the sales of the Rabdan ONE in Kuwait

NWTN signs MoU with Al Kalid Auto L.L.C for the sales of the Rabdan ONE in Kuwait

DUBAI, UAE/PRNewswire/ -- NWTN Inc. (Nasdaq: NWTN), an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world ("NWTN"), today announced that it signed a memorandum of understanding ("MOU") with Al Kalid Auto L.L.C. ("Al Kalid") for the delivery of over one thousand Rabdan ONE vehicles over the next two years. With the MOU, NWTN is kicking-off the development of its sales and distribution network in the Gulf Cooperation Council countries.

Under the MOU, Al Kalid will become the exclusive distributor of vehicles under Rabdan brand, enabling the sale of Rabdan vehicles, parts, and accessories together with the provision of after-sales services within the State of Kuwait. Al Kalid will promote the Rabdan brand and plans to establish a flagship showroom in the Warehouse Mall in Sadiya, as well as the development of a further three sales outlets.

NWTN will assist Al Kalid with technical, after-sales, marketing, and communications support during the entirety of the MOU.

The MOU between NWTN and Al Kalid was signed at the NWTN Suhoor Gathering held at NWTN's assembly facility in the Khalifa Economic Zone Abu Dhabi ("KEZAD") in celebration of the Holy month of Ramadan.

NWTN completed construction of its facility in KEZAD at the