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NWTN Inc (NWTN) pioneers smart electric vehicle innovation through cutting-edge autonomous driving systems and IoT-connected mobility solutions. This news hub provides investors and industry observers with timely updates on the company's strategic developments in sustainable transportation.
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NWTN has signed a memorandum of understanding (MOU) with Elfaba Investment and Advisory, which will authorize Elfaba to distribute NWTN and Rabdan brand products across more than seven countries for five years. The MOU aims for sales of up to 5,000 vehicles, with a definitive agreement expected by the end of April 2023. NWTN's Rabdan brand focuses on intelligent new energy vehicles, integrating advanced technologies to improve driving experiences and reduce emissions. The agreement also supports NWTN's expansion in the growing electric vehicle market in the UAE and the Middle East. The Rabdan ONE, an all-wheel-drive SUV, showcases the company's commitment to passenger-centric designs and green mobility solutions.
NWTN Inc. (Nasdaq: NWTN), an eco-conscious mobility technology company, announced a memorandum of understanding (MOU) with Al Kalid Auto L.L.C. to deliver over 1,000 Rabdan ONE vehicles over the next two years.
The MOU designates Al Kalid as the exclusive distributor in Kuwait, responsible for selling Rabdan vehicles and offering after-sales services. Additionally, Al Kalid plans to establish a flagship showroom and three sales outlets.
NWTN will provide technical, marketing, and communications support. This partnership supports NWTN's goal of expanding its sales network in the Gulf Cooperation Council and addresses the growing demand for electric vehicles in the region.
The Rabdan ONE, an all-wheel-drive SUV featuring advanced range extension technology, boasts a range of up to 860 kilometers, targeting diverse customer needs.
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