Newton's New Energy Vehicle Super Factory started construction

On September 20, the starting ceremony of Newton's China New Energy Vehicle Super Factory was held in Jinhua Science and Technology City. Relevant leaders of Jinhua City, Jinyi New District and Newton Group attended the event. The chairman and CEO of Newton sent video congratulations from the UAE.

Established in 2016, NWTN is a green travel technology company, headquartered in Dibai, UAE. As a green travel technology company, Newton adheres to the concept of "passenger -centered" and defines the concept of "Smart Passenger Vehicle (SPV), emphasizing artificial intelligence technology and personalized passenger experience Essence On September 5th, Newton announced that it signed a contract with the Emirates Abu Dhabi Harry French Industrial Zone (KIZAD) to jointly build Abu Dhabi's first electric vehicle assembly base.

Newton's China New Energy Vehicle Super Factory is the first super factory invested by Newton in China, and it is also the first major manufacturing project with 10 billion yuan in Jinyi New District. The factory covers an area of ​​more than 700 acres and has a design capacity of 100,000 units. It is planned to be put into production in 2024. Relying on the super factory, relying on differentiated product concepts and excellent technical capabilities, Newton will be expected to become the representatives of Jinyi New District, Jinhua City, and even the entire Zhejiang intelligent manufacturing and the new generation of smart new energy vehicles in the world.

The headquarters of Newton Greater China also unveiled on the same day, marking that the Newton's entire organization structure including R & D, production, sales, and operation has landed in Jinyi New District. This measure will significantly drive upstream and downstream companies of Newton's supply chain, as well as a large number of scientific and technological talents and industry experts to settle in Jinyi New District to form an integrated effect and support the regional new energy vehicle industry layout and upgrade.

Huang Guojun, Secretary of the Jindong District Party Committee, Deputy Secretary of the Party Working Committee of Jinyi New District and executive deputy director of the management committee, said in his speech: After the city and district party committee groups, the new district held a centralized start -up ceremony for the first time, indicating that the project was the project. The foundation of the new district is the core essential of leading the high -quality development of the new district. It is a key move for the new district to achieve "curve overtaking and trading overtaking". Essence It is foreseeable that Newton will grow rapidly into the "new forces" of new energy vehicles, and will definitely contribute more for the new energy industry to build a new energy industry.

Lin Mi, CEO of Newton Greater China, said: The efficient and pragmatic of Jinhua City and Jinyi New District has promoted the landing of the headquarters of Newton Greater China, and the construction of Newton's New Energy Vehicle Super Factory has been realized in a short period of time. This has further improved the Newton's global manufacturing system. In the future, the Jinhua Super Factory will directly empower the production base in Newton's production base in the Harry French Industrial Zone in Abu Dhabi, and completes the coverage of key markets such as China, the Middle East, Southeast Asia, Europe, and North Africa. Driven by the domestic and foreign markets, Newton's international development road will be more stable.

In April this year, the special purpose of Nasdaq's special purpose acquisition company East Stone Acquisition Corporation announced that it signed a formal business merger agreement with Iconiq Holding Limited, which was valued at $ 2.5 billion before the merger. As of the end of July, Newton has reached a PIPE investment subscription agreement with institutional investors such as Jinhua Local Assets and the UAE Crown Prince Office, with a total investment of 600 million US dollars. On July 26, Newton announced a public prospectus to the US Securities Regulatory Commission, which marks that Newton has entered the sprint stage of the US stock market.

According to the research of the United Market Research Company, by 2030, the global electric vehicle market valuation will increase 5 times to US $ 823.74 billion, with a compound annual growth rate of 18.2%. Another data shows that by 2028, electric vehicles will account for 33%of global cars, and this proportion will reach 54%by 2035. The market prospect that has attracted much attention, upgrading and reshaping the industrial chain under the wave of intelligence, and consumers' continuous improvement of consumption willingness to drive electric vehicles to continue to lead technological innovation and industrial breakthroughs. With the steady advancement of the super factory and the headquarters of the Greater China headquarters, and the steady advancement of listing work, Newton will be solid in terms of mass production preparation and the capital market, and will soon enter the fast track of global development.

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