NWTN Inc. Signs MOU with Al Kalid Auto L.L.C for the Sales of the Rabdan One in Kuwait
network in the Gulf Cooperation Council countries. Under the MOU, Al Kalid will become the exclusive distributor of vehicles under Rabdan brand, enabling the sale of Rabdan vehicles, parts, and accessories together with the provision of after-sales services within the State of Kuwait. Al Kalid will promote the Rabdan brand and plans to establish a flagship showroom in the Warehouse Mall in Sadiya, as well as the development of a further three sales outlets. NWTN will assist Al Kalid with technical, after-sales, marketing, and communications support during the entirety of the MOU. The MOU between NWTN and Al Kalid was signed at the NWTN Suhoor Gathering held at NWTN's assembly facility in the Khalifa Economic Zone Abu Dhabi ("KEZAD") in celebration of the Holy month of Ramadan. NWTN completed construction of its facility in KEZAD at the end of 2022. The KEZAD facility enables NWTN to address the rapidly growing demand for electric vehicles in the UAE and the Middle East, promote green mobility, and accelerate sustainable energy transformation in the UAE. Guests mingled and enjoyed traditional Suhoor dishes and were also offered an exclusive preview and experience of the Rabdan ONE, the first product of the Rabdan brand. The origin of the Rabdan brand is deeply rooted in Arabic culture. The brand will cover a full range of intelligent new energy passenger vehicle products from extended range to pure electric technology solutions. NWTN believes these vehicles complement the improvement and change in local new energy infrastructure, such as charging stations in the Gulf, Middle East, and North Africa. Rabdan products will integrate the advanced technologies and resources in the global new energy vehicle industry, as well as surpass traditional fuel vehicle products in every aspect, from driving experience and intelligent comfort to energy saving and emissions reduction. It will define a new category of traveling and lifestyle. The Rabdan ONE is a dynamic, intelligent, and comfortable, all-wheel-drive SUV that adopts the world's leading range extension technology. It has a comprehensive range of up to 860 kilometers, which removes range anxiety while achieving energy savings and emissions reduction. It has excellent endurance and is capable of traveling long distances. The Rabdan ONE is suitable for a variety of uses from business, family, leisure, adventure, work to pleasure.