Intelligent EV Company NWTN Announced to Establish Its Manufacturing Base in the UAE

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According to NWTN, the local plant development plan includes two phases. In Phase one, NWTN plans to have a SKD facility, which will include ~24,000 square meters of manufacturing, testing, inventory, and storage space, with an annual capacity of 5,000-10,000 units. It is expected to be completed in Q4 2022. In Phase two, the total area of the plant will expand to ~100,000 square meters and the capacity will increase to 50,000 units per year. The facility for Phase two is expected to be completed by the end of the 1st quarter of 2024.