NWTN and CMEC Middle East seek to forge strategic partnership

NWTN and CMEC Middle East seek to forge strategic partnership

DUBAI, UAE/PRNewswire/ -- NWTN Inc. (Nasdaq: NWTN), an eco-conscious technology company specializing in sustainable mobility solutions ("NWTN"), and CMEC Middle East Fze ("CMEC ME"), a subsidiary of China Machinery Engineering Corporation, a renowned global engineering company, are thrilled to announce plans for a strategic partnership, which has been memorized in a non-binding memorandum of understanding on May 18, 2023. This preliminary alliance marks a pivotal moment for both organizations as they join forces to contribute to the UAE's Hydrogen Leadership Roadmap and the country's ambitious 2050 National Net Zero target.

This proposed partnership seeks to capitalize on the combined expertise, resources, and networks of NWTN and CMEC ME, aiming to enhance market presence, foster innovation, and deliver exceptional value to customers. NWTN is revolutionizing the transportation sector with its sustainable electric car solutions. Additionally, NWTN is investing in green hydrogen technology, striving to facilitate the transition to clean energy through energy storage solutions for a more sustainable future.

CMEC ME brings a wealth of experience, particularly in the renewable energy sector. NWTN believes that CMEC ME's engineering expertise and technological resources from China will play a vital role in introducing advantageous Chinese technical solutions to support the realization of green hydrogen projects,