UAE-based mobility technology company NWTN is in the final phase of installing equipment and conducting trial operations after completing the construction of its electric vehicle (EV) assembly facility in Abu Dhabi, the company announced on Monday.
The facility has now obtained the required EV production and sales license issued by the UAE government, the first to be issued in Abu Dhabi, the company said in a statement.
As the first UAE-based EV company listed on the Nasdaq stock exchange, NWTN has received strong financial and policy support from the local government.
The company’s first EV assembly facility, measuring approximately 270,000 square feet, is in the Khalifa Economic Zone Abu Dhabi (KEZAD). Construction of the facility began in October 2022 and was completed by the end of December 2022.
Currently, the production line is nearly complete, with NWTN working with BASF, the chemical company, for paint surface refinishing and manufacturing safety training.
On the other hand, NWTN’s first parts and supply chain facility in Jinhua, Zhejiang, China, has been experiencing rapid construction since September 2022.
Most of the workshop infrastructure, which includes stamping, welding, and painting, is in the final stage of construction and is expected to be completed in the second half of 2023.
The EV manufacturer’s parts and supply chain plant in China covers approximately four million square feet, with a total investment of $1.46 billion.
According to the current plan, NWTN’s Jinhua plant is likely to be completed by the end of December 2023, with trial production projected to start by February 2024.
Mass production of parts will officially begin in the second half of 2024. Once operational, the plant is expected to achieve an annual production capacity of 100,000 EVs.