Intelligent EV company NWTN announced to establish Its manufacturing base in the UAE

Intelligent EV company NWTN announced to establish Its manufacturing base in the UAE

DUBAI, United Arab Emirates--(BUSINESS WIRE/AETOSWire)-- The intelligent electric vehicle (EV) company NWTN announced its partnership with Sultan Investments in establishing an EV SKD assembly base in Khalifa Industrial Zone Abu Dhabi (KIZAD), which will expand the company’s global manufacturing network and especially serve the Middle East, European and North African markets.

NWTN was founded in 2016 by Alan Wu. As a green mobility technology company, NWTN has defined the Smart Passenger Vehicle (SPV) as a vehicle concept emphasizing AI technologies and personalized passenger experience. Recently, NWTN has relocated its global headquarter to UAE and announced the company’s symbolic renaming (previously known as ICONIQ) along with the launch of the new brand NWTN.

Foundered in 1992 by its CEO Sultan Hareb AI Falahi, Sultan Investments is a private Investment company with a geographical focus on the Middle East. Its development activity has expanded rapidly over the past decade to become one of the leading private real estate development companies in the UAE. S Motors, its wholly owned subsidiary, will also be partnering with NWTN in facility development and EV distributions.

In April 2022, NWTN (ICONIQ Holding Limited) announced that it had entered into a definitive Business Combination Agreement with East Stone Acquisition Corporation, a