NWTN announced the official launch of the “NWTN AI Industrial Park”, or NAIP, Project. The project is located in Khalifa Economic Zones Abu Dhabi, or KEZAD, covering approximately 130,000 square meters, signaling the start of NWTN’s transformation from a new energy vehicle manufacturer to a global intelligent technology producer and enabler. According to the plan, NAIP will include two major zones: Global Logistic Park in Free Zone housing a state-of-the-art cross-border supply chain hub, including vehicle and parts warehouses, a re-export trade platform, and “light processing” and repackaging factories. It will primarily serve the speed delivery needs in the Middle East, Africa, and Southern Europe. AI Smart Manufacturing Park in the Mainland Zone featuring a modern SKD vehicle assembly plant, and key components and smart hardware production. The site is designed with future scalability with a complete vehicle manufacturing capacity.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NWTN: