February 28, 2023 real estate

NWTN completes construction work on EV plant in Kezad

NWTN, an eco-conscious mobility technology company developing passenger-centric green premium mobility solutions, has announced important progress at two key facilities in Abu Dhabi, UAE, and Jinhua, Zhejiang, China.

NWTN completed construction of its electric vehicle (EV) assembly facility in Abu Dhabi at the end of 2022, and since then has been in the final phase of installing equipment and conducting trial operations.

The facility has now obtained the required EV production and sales licence issued by the UAE government, the first to be issued in Abu Dhabi. NWTN is now ready to implement its EV blueprint in the UAE and the Middle East region.

At the same time, NWTN's first parts and supply chain facility in Jinhua has been undergoing rapid construction since September 2022. At this point, 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.

As the first UAE-based EV company listed on the Nasdaq Stock Market, NWTN has received strong financial and policy support from the local government.

NWTN's plant in Abu Dhabi is its first EV assembly facility in UAE and is located in the Khalifa Economic Zone Abu Dhabi (Kezad). It measures approximately 270,000 sq ft. Construction of the facility began in October 2022 and was completed by the end of December 2022. At present, the production line is nearly complete, and NWTN is working with BASF, the chemical company for paint surface refinishing as well as manufacturing safety training.

The Kezad plant will complete the certifications of ISO 9001, ISO 14001, and ISO 45001 soon, which represent a commitment to high standards of quality management, environmental management, and safety management. When the facility becomes fully operational, NWTN will seek to address the rapidly growing demand for EVs in the UAE and the Middle East, promote green mobility, and accelerate the sustainable energy transformation in the UAE, the company said.

While actively preparing for local production in the UAE, NWTN has also been integrating advanced technology and supply chain system on a global scale to meet its development needs. As of September 20, 2022, NWTN's parts and supply chain plant in China measures approximately 4,000,000 sq ft with a total investment of $1.46 billion. Once operational, the plant is expected to achieve an annual production capacity of 100,000 EVs. The plant is one of the key projects in Zhejiang Province, China and the first high-end manufacturing project in Jinyi New District of Jinhua City with an investment of over RMB10 billion (approximately $1.4 billion).

The Jinhua facility will soon be in the final stage of equipment design and manufacture. After the expected completion of the workshop in the second half of 2023, the equipment installation and commissioning will start as planned. Staff has also been recruited for the facility, with the goal that all personnel will complete professional training by the end of 2023. Nearly half of the dormitories and canteens in the campus have been completed, which will provide high-quality logistical support for employees, the company said.

According to the current plan, NWTN's Jinhua plant is expected to be completed by the end of December 2023, with trial production projected to start by the end of February 2024. Mass production of parts will officially start in the second half of 2024.

'The construction of NWTN's plants in Abu Dhabi, UAE, and Jinhua, Zhejiang, China indicates that this UAE-headquartered company is progressing smoothly. Thanks to the unique capital and location advantages of the UAE as well as opportunities to capitalise on an advanced supply chain system in China, NWTN believes it has the potential to become a dazzling pearl in the global new energy industry chain,' said the company.


Top News

real estate

Building permits to be issued in April
March 17, 2023
Heisco lands $223m Kuwait oil flow line ...
March 13, 2023
Housing Minister announces amendments of...
March 10, 2023