Dubai, UAE, December 19, 2023 – NWTN Inc. (Nasdaq: NWTN), an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world ("NWTN" or the “Company”), is proud to announce a collaboration with Abu Dhabi Islamic Bank PJSC (“ADIB”). NWTN and ADIB has entered into a Memorandum of Understanding (the “MOU”) for a one-year &nbsp;collaboration with automatic renewals to enhance the electric vehicle market in the UAE and beyond, offering unique auto financing options to customers.This collaboration aligns with NWTN's commitment to making sustainable transportation accessible and affordable and ADIB's dedication to innovative financial services, furthering the parties’ vision of a greener future.Through ADIB's tailored financing solutions, NWTN aims to enhance the customer experience and support the growing demand for electric vehicles in the region. This collaboration is a testament to NWTN's dedication to innovation and customer satisfaction.The collaboration represents a significant step forward in promoting eco-friendly transportation solutions, aligning with the UAE's vision for a sustainable future. NWTN and ADIB are excited to explore this new avenue of business cooperation, further strengthening their positions in their respective sectors.As a leading Islamic financial institution, ADIB has a track record of contributing to sustainable development. &nbsp;Their commitment to financing electric vehicles is evident through initiatives such as the Volt Electric Vehicle Finance program. The Volt program aligns with ADIB's Environmental, Social, and Governance (ESG) commitment and aims to make electric vehicle ownership financially accessible to a wider audience. &nbsp;This collaboration with NWTN underscores their dedication to fostering environmentally responsible solutions and supporting the nation's transition to a sustainable future.NWTN looks forward to a fruitful collaboration with ADIB and is excited about the positive impact this will have on its customers and the environment.&nbsp;ABOUT NWTNNWTN is a pioneering green energy company dedicated to providing passenger-focused, premium electric vehicle products and green energy solutions to customers worldwide. Headquartered in Dubai, United Arab Emirates (UAE), NWTN has a full vehicle assembly facility in Abu Dhabi.NWTN is committed to the future of mobility solutions that integrate pioneering design, personalized lifestyles, Internet of Everything (IoT), autonomous driving technology and the eco-system of green energy.In addition to the offering of new energy vehicles, NWTN is exploring opportunities in the entire clean energy value chain, including photovoltaics, green hydrogen power and energy storage in the UAE, the Middle East, North Africa, China, other Asian countries, and Europe.For further information, please visit: www.nwtn.ae&nbsp;ABOUT ADIB&nbsp;ADIB is a leading bank in the UAE with more than AED 184 billion in assets. The bank also offers world-class online, mobile and phone banking services, providing clients with seamless digital access to their accounts 24 hours a day. ADIB provides Retail, Corporate, Business, Private Banking and Wealth Management Solutions. The bank was established in 1997 and its shares are traded on the Abu Dhabi Securities Exchange (ADX).ADIB has a strong presence in six strategic markets: Egypt, where it has 70 branches, the Kingdom of Saudi Arabia, the United Kingdom, Sudan, Qatar, and Iraq.Named the Best Islamic Retail Bank by The Digital Banker, and Best Bank in the UAE by Global Finance Awards, ADIB has a rich track record of innovation, including introducing the award-winning Ghina savings account, award-winning co-branded cards with Emirates airlines, Etihad and Etisalat and a wide range of financing products.&nbsp;FORWARD-LOOKING STATEMENTSThis press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are characterized by future or conditional verbs such as "may," "will," "expect," "intend," "anticipate," believe," "estimate" and "continue" or similar words. You should read statements that contain these words carefully because they discuss future expectations and plans, which contain projections of future results of operations or financial condition or state other forward-looking information.Forward-looking statements are predictions, projections, and other statements about future events (including, but not limited to, the anticipated benefits of the collaboration with ADIB) that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties.Actual results (including, but not limited to, the success of NWTN’s collaboration with ADIB and the competitiveness of the financing options offered by ADIB) may differ significantly from those set forth or implied in the forward-looking statements. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to the risk factors contained in NWTN's filings with the Securities and Exchange Commission, which are available for review at www.sec.gov. Forward-looking statements speak only as of the date they are made. New risks and uncertainties arise over time, and it is not possible NWTN to predict those events or how they may affect NWTN. If a change to the events and circumstances reflected in NWTN's forward-looking statements occurs, NWTN's business, financial condition and operating results may vary materially from those expressed in NWTN's forward-looking statements.Readers are cautioned not to put undue reliance on forward-looking statements, and NWTN assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.&nbsp;CONTACTFor investor enquiries:Michael Bowennwtnir@icrinc.com&nbsp;For media enquiries:Edmond Lococonwtnpr@icrinc.com

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NWTN Collaborates with Abu Dhabi Islamic Bank for Innovative Auto Financing Solutions

Dubai, UAE, December 4, 2023 – NWTN Inc. (Nasdaq: NWTN), an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world ("NWTN" or the “Company”), has made a remarkable impact in the first three days of the COP28 conference. The company's joint 150-square-meter exhibition, in collaboration with the UAE Ministry of Industry and Advanced Technology (MoIAT), Abu Dhabi Ports (AD Ports), Abu Dhabi Department of Economic Development (ADDED), and China Construction, is a beacon of innovation at Technology and Innovation Hub 2, booth No.518.Engaging with Global PerspectivesOn the first day of COP28, NWTN attracted many local UAE media outlets, underscoring its commitment to promoting passenger-centric mobility solutions and a cleaner energy ecosystem. The highlight was a special media briefing that detailed NWTN's partnerships and strategies in transforming the energy landscape.High-Level Endorsements and PartnershipsNWTN's exhibition received high-profile visits from senior representatives of MoIAT and ADDED.NWTN previously passed the inspection of the Ministry of Industry and Advanced Technology in aid of its “Made in the Emirates” certification process. The inspection consisted of an audit of NWTN’s supply chain, warehousing, production process flows, quality control and quality assurance in NWTN’s assembly facility located in the Khalifa Economic Zone Abu Dhabi (“KEZAD”). As a result, NWTN can now label its products as “Made in the Emirates” – &nbsp;being the first new energy vehicle with this mark in the UAE.The “Made in the Emirates” mark was launched by the MoIAT as a new quality mark for UAE-made products. The mark aims to increase consumer confidence in local products. It indicates that products comply with national quality and safety standards, which boosts their competitiveness in international markets.MoIAT plays a crucial role in supporting the UAE's ambitious target of achieving zero emissions by 2050 in several key areas: the promotion of advanced technologies; policy development and implementation; collaborations with stakeholders; encouraging research and innovation; ensuring sustainable industrial development; and education and awareness.By focusing on these areas, MoIAT contributes significantly to the UAE's goal of achieving zero emissions by 2050, aligning industrial growth with environmental sustainability.Additionally, an MOU previously signed with ADDED has the potential to revolutionize the automotive industry in Abu Dhabi, aligning with the Industrial Vision 2031.Under the terms of the MOU, NWTN has agreed to establish and construct an integrated production line, as well as to expand its factory in the Emirate of Abu Dhabi in adherence to the highest international standards. The MOU also entails mutual cooperation between the parties to expedite the advancement of the modern automobile industry and transportation in Abu Dhabi. &nbsp;Furthermore, the MOU aims to foster an innovative community that actively contributes to automotive technology trends, while strengthening collaboration in the green economy and environmental sectors.ADDED contributes to the UAE's zero emissions 2050 target through several initiatives and strategies, focusing on sustainable economic development. &nbsp;These include promoting sustainable economic growth; facilitating investments and partnerships in renewable energy and clean-tech industries; implementing green building and infrastructure standards; promoting sustainable transportation solutions; and collaborating with other government entities, international organizations, and the private sector.In a strategic move, NWTN and AD Ports signed an MOU, focusing on logistics, local manufacturing, shipments, customs clearance, financing, and vehicle distribution. This partnership is set to facilitate NWTN's expansion in the UAE and contribute to the economic development of Abu Dhabi.Innovative Exhibits and Augmented Reality ExperienceThe exhibition stand features an augmented reality interactive experience, guiding visitors through the clean energy value chain, from the generation of energy to the storage of energy to the utilization of energy. A standout component is the Muse, NWTN's smart passenger vehicle, which epitomizes futuristic design, power, comfort, and a unique digital infotainment system focused on passenger-centricity. Muse's display follows its successful unveiling at the annual Monterey Car Week in August 2023.Propelling Towards a New Age of EnlightenmentNWTN's exhibit is not just a display of technological prowess but a journey towards a new age of enlightenment. It's a tribute to Sir Isaac Newton and a testament to NWTN's dedication to advancing cleaner energy ecosystems and passenger-centric mobility solutions.Conclusion: A Sustainable Future with NWTNAs NWTN continues its journey at COP28, it remains committed to its mission of shaping a sustainable future. The company's innovative approach, strategic partnerships, and groundbreaking products are setting new standards in the industry, driving towards a zero-emissions future.&nbsp;ABOUT NWTNNWTN is a pioneering green energy company dedicated to providing passenger-focused, premium electric vehicle products and green energy solutions to customers worldwide. Headquartered in Dubai, United Arab Emirates (UAE), NWTN has a full vehicle assembly facility in Abu Dhabi.NWTN is committed to the future of mobility solutions that integrate pioneering design, personalized lifestyles, Internet of Everything (IoT), autonomous driving technology and the eco-system of green energy.In addition to the offering of new energy vehicles, NWTN is exploring opportunities in the entire clean energy value chain, including photovoltaics, green hydrogen power and energy storage in the UAE, the Middle East, North Africa, China, other Asian countries and Europe.For further information, please visit: www.nwtn.aeFORWARD-LOOKING STATEMENTSThis press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are characterized by future or conditional verbs such as "may," "will," "expect," "intend," "anticipate," believe," "estimate" and "continue" or similar words. You should read statements that contain these words carefully because they discuss future expectations and plans, which contain projections of future results of operations or financial condition or state other forward-looking information.Forward-looking statements are predictions, projections and other statements about future events (including, but not limited to, the anticipated benefits of its partnerships) that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties.Actual results (including, but not limited to, the success of NWTN’s partnerships in developing clean energy solutions) may differ significantly from those set forth or implied in the forward-looking statements. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to the risk factors contained in NWTN's filings with the Securities and Exchange Commission, which are available for review at www.sec.gov. Forward-looking statements speak only as of the date they are made. New risks and uncertainties arise over time, and it is not possible NWTN to predict those events or how they may affect NWTN. If a change to the events and circumstances reflected in NWTN's forward-looking statements occurs, NWTN's business, financial condition and operating results may vary materially from those expressed in NWTN's forward-looking statements.Readers are cautioned not to put undue reliance on forward-looking statements, and NWTN assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.&nbsp;CONTACTFor investor enquiries:Michael Bowennwtnir@icrinc.comFor media enquiries:Edmond Lococonwtnpr@icrinc.com

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NWTN Gains Significant Attention as it Showcases Innovative Solutions at COP28

Dubai, UAE, November 27, 2023 -- NWTN Inc. (Nasdaq: NWTN), an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world ("NWTN" or the “Company”), today announced plans to exhibit, with its partners, technologies for the entire clean energy value chain during COP28 UAE from November 30, 2023 to December 12, 2023 in Dubai, United Arab Emirates.COP28 is part of The United Nations Climate Change Conferences held yearly under the United Nations Framework Convention on Climate Change (“UNFCCC”). It serves as the formal meeting of the UNFCCC parties (Conference of the Parties, COP) to negotiate and agree on actions to tackle climate change, limit emissions, and halt global warming.NWTN will be joined in its COP28 exhibition by the UAE Ministry of Industry and Advanced Technology (MoIAT), Abu Dhabi Ports (AD Ports), Abu Dhabi Department of Economic Development (ADDED), and China Construction. The joint 150-square-meter exhibition stand will be located at COP28 Technology and Innovation Hub 2, booth No.74.The exhibit will feature a unique augmented reality interactive experience that guides visitors through the entire clean energy value chain story, from energy generation to energy storage and energy utilization.Starting at an apple tree that pays tribute to Sir Isaac Newton, the Company’s namesake who accelerated the transition to a new Age of Enlightenment and Reason, this experience provides a journey along a path that will demonstrate how NWTN working with its partners aim to promote passenger centric mobility solutions, and a cleaner energy ecosystem.NWTN is working with its partners to provide and facilitate the clean energy and technology solutions required for rapidly growing economies like the UAE. The exhibit’s augmented reality experience will show how NWTN is working with its partners to develop solutions for the entire clean energy value chain, including:•Energy generation technologies, such as hydrogen energy, solar energy, and wind energy•Energy storage from battery facilities to hydrogen tanks•Energy use: NWTN Mobility TechnologiesNWTN, headquartered in Dubai, UAE and listed on Nasdaq, seeks to provide mobility solutions that can help build infrastructure for a zero emissions future. The exhibit’s augmented reality interactive experience will include as part of the journey the MUSE, the first of NWTN’s smart passenger vehicles. MUSE is a large flagship “smart passenger vehicle” with futuristic styling, immense power and long range, ultimate comfort, and a unique passenger-centric digital infotainment system. &nbsp;It focuses on a passenger-centric, comfortable, and intelligent riding experience. This will be its second public display, following its unveiling during the annual Monterey Car Week in August 2023.Please view the NWTN COP28 display and augmented reality interactive experience at: COP28 Technology and Innovation Hub 2 (No.74).ABOUT NWTNNWTN is a pioneering green energy company dedicated to providing passenger-focused, premium electric vehicle products and green energy solutions to customers worldwide. Headquartered in Dubai, United Arab Emirates (UAE), NWTN has a full vehicle assembly facility in Abu Dhabi.NWTN is committed to the future of mobility solutions that integrate pioneering design, personalized lifestyles, Internet of Everything (IoT), autonomous driving technology and the eco-system of green energy.In addition to the offering of new energy vehicles, NWTN is exploring opportunities in the entire clean energy value chain, including photovoltaics, green hydrogen power and energy storage in the UAE, the Middle East, North Africa, China, other Asian countries and Europe.For further information, please visit: www.nwtn.aeFORWARD-LOOKING STATEMENTSThis press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are characterized by future or conditional verbs such as "may," "will," "expect," "intend," "anticipate," believe," "estimate" and "continue" or similar words. You should read statements that contain these words carefully because they discuss future expectations and plans, which contain projections of future results of operations or financial condition or state other forward-looking information.Forward-looking statements are predictions, projections and other statements about future events (including, but not limited to, the anticipated benefits of its partnerships) that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties.Actual results (including, but not limited to, the success of NWTN’s partnerships in developing clean energy solutions) may differ significantly from those set forth or implied in the forward-looking statements. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to the risk factors contained in NWTN's filings with the Securities and Exchange Commission, which are available for review at www.sec.gov. Forward-looking statements speak only as of the date they are made. New risks and uncertainties arise over time, and it is not possible NWTN to predict those events or how they may affect NWTN. If a change to the events and circumstances reflected in NWTN's forward-looking statements occurs, NWTN's business, financial condition and operating results may vary materially from those expressed in NWTN's forward-looking statements.Readers are cautioned not to put undue reliance on forward-looking statements, and NWTN assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.CONTACTFor investor enquiries:Michael Bowennwtnir@icrinc.comFor media enquiries:Edmond Lococonwtnpr@icrinc.com

NWTN and Partners to Exhibit Technologies for Full Clean Energy Value Chain at COP28 in Dubai, UAE

<img src="https://d3bsmwkixxz6wd.cloudfront.net/ADIO_and_NWTN_are_collaborating_on_smart_vehicle_innovation_to_support_Abu_Dhabi_s_green_economy_ee4eb3a9fd.png" alt="ADIO and NWTN are collaborating on smart vehicle innovation to support Abu Dhabi's green economy..png"> ABU DHABI, 18th October, 2023 (WAM) --The Abu Dhabi Investment Office (ADIO), has signed a memorandum of understanding (MoU) with NWTN, a UAE-based smart vehicle company, where it will benefit from the Yas Island testing zone, offered by the Emirate’s Smart and Autonomous Vehicles Industry (SAVI) cluster, which provides an established road mobility test bed with a growing number of incorporated technology startups.NWTN is a pioneering green energy company specialised in providing passenger-focused, premium electric vehicle products and green energy solutions. Earlier this year, the company launched a luxury smart passenger vehicle that offers cutting-edge technology including autonomous driving.NWTN will play a key role in accelerating the Emirate’s green automotive industry and will expedite the advancement of the modern automobile industry and transportation in Abu Dhabi. As the UAE prepares to host COP28, the launch of Abu Dhabi’s SAVI cluster will also help to accelerate the adoption of green mobility services and propel the country and wider world towards a zero-emissions future.Badr Al-Olama, Director General of Abu Dhabi Investment Office (ADIO), said, “The launch of Abu Dhabi’s pioneering SAVI cluster has already brought together global companies and talent that will develop innovative solutions and help revolutionise transportation and mobility. Our goal is to make a transformation impact across the world, accelerating efforts in achieving a zero-emissions future and adopting green mobility services. Our collaboration with NWTN falls perfectly within these ambitions, and we look forward towards realising a greener, more sustainable future.”Paul Lin, President of NWTN Motors, said, “At NWTN, we are leading the revolution in green mobility, combining pioneering design with cutting-edge autonomous driving technology. As we expand our footprint in Abu Dhabi, we not only help propel the UAE into a zero-emissions future but also champion sustainable transportation solutions for the UAE and the region. Our strength lies in our commitment to offering premium electric vehicles, integrated with the Internet of Everything, and our exploration across the clean energy value chain globally."The Abu Dhabi Department of Economic Development (ADDED) and ADIO collaboratively spearheaded the creation of the fully integrated SAVI cluster covering the design, testing and manufacturing of smart and autonomous transportation and mobility solutions. The newly formed cluster will provide state-of-the-art facilities, services, and regulatory enablement to attract and support innovation and commercialisation of advanced autonomous vehicle (AV) technologies in the UAE, unlocking their full global potential.Muhammad Aamir / Hazem Hussein网站原文章：https://wam.ae/en/details/1395303211145

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ADIO and NWTN collaborate in smart vehicle innovation to boost Abu Dhabi’s green economy

DUBAI, UAE, July 11, 2023 -- NWTN Inc. (Nasdaq: NWTN), an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world ("NWTN"), today announced that NWTN Technologies Industries – Sole Proprietorship LLC., NWTN’s wholly-owned subsidiary, &nbsp;signed a non-binding memorandum of understanding (“MOU”) with the Abu Dhabi Department of Economic Development (“DED”) to enhance cooperation and contribute to the development of the automotive industry in the Emirate of Abu Dhabi.Under the terms of the MOU, NWTN has agreed to establish and construct an integrated production line, as well as to expand its factory in the Emirate of Abu Dhabi in adherence to the highest international standards. The MOU also entails mutual cooperation between the parties to expedite the advancement of the modern automobile industry and transportation in Abu Dhabi, in alignment with the goals set forth in the Industrial Vision 2031. Furthermore, the MOU aims to foster an innovative community that actively contributes to automotive technology trends, while strengthening collaboration in the green economy and environmental sectors.Within the framework of the MOU, the DED has committed to cooperation and coordination in order to devise a streamlined work system that simplifies, facilitates, and enhances the necessary procedures for NWTN to obtain industrial licenses. The DED will ensure that these procedures adhere to the required technical, organizational, and procedural standards.The DED has agreed to promote and support the integration of Emirati nationals into the workforce of NWTN and NWTN has agreed to provide necessary training and professional development opportunities to the Emirati candidates.Eng. Arafat Al Yafei, Executive Director of Industrial Development Bureau of the DED, said: “This MOU with NWTN is part of our efforts to enhance Abu Dhabi’s competitiveness, equip talent with necessary skills, and develop automotive and transportation industry in line with the objectives of the Abu Dhabi industrial strategy. As talent development is a top priority for us, we are pleased to collaborate with NWTN to train and create new opportunities for Emirati talent and to drive innovation in the industrial sector. We believe this step will help in attracting new quality investments to benefit from growth opportunities in Abu Dhabi’s manufacturing sector.”Paul Lin, President of Automotive at NWTN commented, "We are excited about the prospects of expanding our operations in Abu Dhabi and contributing to the growth of the auto industry. This partnership aligns with our commitment to both local talent development and technological advancement."The MOU is valid for an initial period of two years, with the option to renew upon mutual agreement between the parties.ABOUT NWTNNWTN is a pioneering green energy company dedicated to providing passenger-focused, premium electric vehicle products and green energy solutions to customers worldwide.Headquartered in Dubai, United Arab Emirates (UAE), NWTN has a full vehicle assembly facility in Abu Dhabi and a supply chain manufacturing base in Jinhua, China.NWTN is committed to the future of mobility solutions that integrate pioneering design, personalized lifestyles, Internet of Everything (IoT), autonomous driving technology and the eco-system of green energy.In addition to the offering of new energy vehicles, NWTN is exploring opportunities in the entire clean energy value chain, including photovoltaics, green hydrogen power and energy storage in the UAE, the Middle East, North Africa, China, other Asian countries, and Europe. For further information, please visit: https://www.nwtnmotors.com.FORWARD-LOOKING STATEMENTSThis press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are characterized by future or conditional verbs such as "may," "will," "expect," "intend," "anticipate," believe," "estimate" and "continue" or similar words. You should read statements that contain these words carefully because they discuss future expectations and plans, which contain projections of future results of operations or financial condition or state other forward-looking information.Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual results (including, without limitation, with respect to the expected benefits from the collaboration with DED as provided under the MOU, the construction of production lines and factory expansion in Abu Dhabi, and anticipated results of integration of Emirati nationals into the workforce of NWTN) may differ significantly from those set forth or implied in the forward-looking statements. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to the risk factors contained in NWTN's filings with the Securities and Exchange Commission, which are available for review at www.sec.gov. Forward-looking statements speak only as of the date they are made. New risks and uncertainties arise over time, and it is not possible NWTN to predict those events or how they may affect NWTN. If a change to the events and circumstances reflected in NWTN's forward-looking statements occurs, NWTN's business, financial condition and operating results may vary materially from those expressed in NWTN's forward-looking statements.Readers are cautioned not to put undue reliance on forward-looking statements, and NWTN assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.CONTACTFor investor enquiries: Michael Bowen <a href="mailto:nwtnir@icrinc.com">nwtnir@icrinc.com</a> For media enquiries: Edmond Lococo nwtnpr@icrinc.com

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NWTN Signs MOU with Abu Dhabi Department of Economic Development to Promote the Auto Industry in Abu Dhabi

DUBAI, United Arab Emirates (UAE), 6 April 2023 – NWTN Inc. (Nasdaq: NWTN), an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world ("NWTN"), today are proud to announce that its first electric vehicle (EV) assembly facility located in the Khalifa Economic Zone Abu Dhabi (‘KEZAD’) was successfully accredited with ISO 9001, ISO 14001, and ISO 45001 - Integrated Management System (‘IMS’). The ISO certifications represent a commitment to high standards of quality management, environmental management, and safety management.The IMS standard is based on a number of QHSE management principles including a strong customer focus, the commitment and motivation of top management, a process approach and continual improvement.The ISO IMS accreditation helps improve service for customers, as continual improvement ensures that NWTN’s business operations becomes more efficient and maintains a high standard of service delivery. This will support NWTN’s goal of being customer centric in the international electric vehicle market. As well as benefitting valued customers, the new accreditation will also benefit NWTN’s staff, as improved operations can increase employee job satisfaction.NWTN is extremely proud of this achievement as it will enable its KEZAD facility to continually improve the quality of its products and services, which in turn increases the satisfaction of customers, employees, shareholders, and suppliers. 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 completed construction of its facility in KEAZD at the end of 2022. The facility measures approximately 270,000 square feet and received its commercial and industrial licences in February of 2023. The KEZAD facility enables NWTN 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. At present, the production line is nearly complete, and NWTN has been working with BASF, the chemical company for paint surface refinishing as well as manufacturing safety training.These developments at NWTN's plant in KEZAD indicates that this UAE-headquartered emerging company is progressing smoothly. Thanks to the unique capital and location advantages of the UAE as well as opportunities to capitalize 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.In another development, NWTN completed a customer order with the delivery of 10 range-extended electric vehicles (R-EEV) this week. The delivery continues NWTN’s plan to provide the UAE market with a range of innovative products and solutions to promote the region’s transformation to sustainable energy. The R-EEVs are uniquely suited to the UAE market. The vehicle’s range-extended technology overcomes the problems of limited charging facilities in the UAE and the long distances often travelled in the country.ABOUT NWTNNWTN is a pioneering green technology company with a mission to bring premium passenger-centric mobility and green energy solutions to the world. Headquartered in Dubai and with its manufacturing facilities in Abu Dhabi, UAE, NWTN aims to integrate avant-garde design, life-style personalization, IoT connectivity, autonomous driving technology, and green energy eco-systems to its future mobility solutions. Its core technology includes modular pure electric platforms, battery packing and management technology, a digital on-board connectivity system, continuously upgraded electric and electronic architecture as well as autonomous driving technology.NWTN focuses on growth and development in the entire value chain of clean energy applications in the UAE and intends to expand to the Middle East, North Africa, and other Southeast Asian and European territories.For further information, please visit: https://www.nwtnmotors.com.FORWARD-LOOKING STATEMENTSThis press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are characterized by future or conditional verbs such as "may," "will," "expect," "intend," "anticipate," believe," "estimate" and "continue" or similar words. You should read statements that contain these words carefully because they discuss future expectations and plans, which contain projections of future results of operations or financial condition or state other forward-looking information.Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to the risk factors contained in NWTN's filings with the Securities and Exchange Commission, which are available for review at www.sec.gov. Forward-looking statements speak only as of the date they are made. New risks and uncertainties arise over time, and it is not possible NWTN to predict those events or how they may affect NWTN. If a change to the events and circumstances reflected in NWTN's forward-looking statements occurs, NWTN's business, financial condition and operating results may vary materially from those expressed in NWTN's forward-looking statements.Readers are cautioned not to put undue reliance on forward-looking statements, and NWTN assumes no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.CONTACT For investor enquiries: Michael Bowen <a href="mailto:nwtnir@icrinc.com">nwtnir@icrinc.com</a> For media enquiries: Edmond Lococo nwtnpr@icrinc.com

NWTN Announces its KEZAD Facility in the UAE Receives ISO Accreditations

DUBAI, United Arab Emirates, 27 February 2023 (GLOBE NEWSWIRE) ) – NWTN Inc. (Nasdaq: NWTN), an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world ("NWTN"), today 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 license issued by the UAE government, the first to be issued in Abu Dhabi. With the assembly facility completed and the license received, 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, Zhejiang, China 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 square feet. 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.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 NWTN’s development needs. As of September 20, 2022, NWTN’s parts and supply chain plant in China measures approximately 4,000,000 square feet with a total investment of US$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 US$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.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 emerging company is progressing smoothly. Thanks to the unique capital and location advantages of the UAE as well as opportunities to capitalize 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.ABOUT NWTNNWTN is a pioneering green technology company with a mission to bring premium passenger-centric mobility and green energy solutions to the world. Headquartered in Dubai and with its manufacturing facilities in Abu Dhabi, UAE, NWTN aims to integrate avant-garde design, life-style personalization, IoT connectivity, autonomous driving technology, and green energy eco-systems to its future mobility solutions. Its core technology includes modular pure electric platforms, battery packing and management technology, a digital on-board connectivity system, continuously upgraded electric and electronic architecture as well as autonomous driving technology.NWTN focuses on growth and development in the entire value chain of clean energy applications in the UAE and intends to expand to the Middle East, North Africa, and other Southeast Asian and European territories.For further information, please visit: https://www.nwtnmotors.com.FORWARD-LOOKING STATEMENTSThis press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are characterized by future or conditional verbs such as "may," "will," "expect," "intend," "anticipate," believe," "estimate" and "continue" or similar words. You should read statements that contain these words carefully because they discuss future expectations and plans, which contain projections of future results of operations or financial condition or state other forward-looking information.Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to the risk factors contained in NWTN's filings with the Securities and Exchange Commission, which are available for review at www.sec.gov. Forward-looking statements speak only as of the date they are made. New risks and uncertainties arise over time, and it is not possible NWTN to predict those events or how they may affect NWTN. If a change to the events and circumstances reflected in NWTN's forward-looking statements occurs, NWTN's business, financial condition and operating results may vary materially from those expressed in NWTN's forward-looking statements.Readers are cautioned not to put undue reliance on forward-looking statements, and NWTN assumes no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.CONTACT For investor enquiries: Michael Bowen <a href="mailto:nwtnir@icrinc.com">nwtnir@icrinc.com</a> For media enquiries: Edmond Lococo nwtnpr@icrinc.com

NWTN Reports Progress at UAE Electric Vehicle Assembly Facility and China Supply Chain Facility

Burlington, MA and Dubai, UAE, November 14, 2022 -- &nbsp;East Stone Acquisition Corporation (Nasdaq: ESSC) ("East Stone"), a publicly traded special purpose acquisition company, and NWTN Inc. ("NWTN"), an eco-conscious mobility technology company bringing passenger-centric green premium mobility solutions to the world, today announced that the business combination of East Stone and NWTN (the “Business Combination”) was approved by shareholders at a Special Meeting on November 10, 2022, and the transaction closed November 11, 2022. The combined company will retain the NWTN name, and its Class B ordinary shares and warrants are expected to begin trading on the Nasdaq under the symbol "NWTN" on November 14, 2022.NWTN’s Chief Executive Officer, Executive Director and Chairman, Nan (Alan) Wu, said, “We are so pleased to announce this major milestone in our business development. This marks an important step forward in the strategic execution of our vision to bring passenger-centric green premium mobility solutions to the world. The NWTN team is committed to changing the automobile industry, and we look forward to the next chapter as a publicly traded company.”“NWTN is comprised of a driven team devoted to revolutionizing the industry through its green technology development and solutions. We believe that the funds generated by the business combination and related financing will greatly assist NWTN in executing on its vision and accelerate its expansion to reach global markets. We are pleased to close this transaction and look forward to continuing our work alongside the NWTN team,” said Xiaoma (Sherman) Lu, Chief Executive Officer of East Stone. &nbsp;<h3>TRANSACTION DETAILS</h3>In connection with the Business Combination, NWTN will receive gross proceeds of $400 million US dollars in PIPE investment from institutional investors and strategic partners. Upon closing of the Business Combination, Xiaoma (Sherman) Lu, CEO and director of East Stone, and Michael Cashel, director of East Stone, have joined NWTN’s Board of Directors.<h3>ADVISORS</h3>Ellenoff Grossman &amp; Schole LLP served as legal advisor to East Stone. Linklaters LLP served as legal advisor to NWTN. I-Bankers served as financial advisor to East Stone and China Renaissance served as financial advisor to NWTN.Additional information about the completed Business Combination will be provided in a Current Report on Form 8-K to be filed by East Stone and a Form 6-K to be filed by NWTN with the Securities and Exchange Commission and available at www.sec.gov.<h3>ABOUT NWTN</h3>NWTN is a pioneering green technology company with a mission to bring premium passenger-centric mobility and green energy solutions to the world. Headquartered in Dubai and with its manufacturing facilities in Abu Dhabi, UAE, NWTN aims to integrate avant-garde design, life-style personalization, IoT connectivity, autonomous driving technology, and green energy eco-systems to its future mobility solutions. Its core technology includes modular pure electric platforms, battery packing and management technology, a digital on-board connectivity system, continuously upgraded electric and electronic architecture as well as autonomous driving technology.NWTN focuses on growth and development in the entire value chain of clean energy applications in the UAE and intends to expand to the Middle East, North Africa, and other Southeast Asian and European territories.<h3>ABOUT EAST STONE</h3>East Stone Acquisition Corporation (Nasdaq: ESSC) is a blank check company incorporated as a British Virgin Islands business company and incorporated for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities.<h3>CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS</h3>The information in this release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "may," "will," "expect," "continue," "should," "would," "anticipate," "believe," "seek," "target," "predict," "potential," "seem," "future," "outlook" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, (1) references with respect to the anticipated benefits of the Business Combination and related PIPE investment (the “Transactions”) and the projected future financial performance of East Stone and ICONIQ Holding Limited’s (the "Company") operating companies following the Transactions; (2) changes in the market for the Company's products and services and expansion plans and opportunities; (3) the sources and uses of cash of the Transactions; (4) the projected technological developments of the Company and its competitors; and (5) anticipated short- and long-term customer benefits. These statements are based on various assumptions, whether or not identified in this release, and on the current expectations of the Company's and East Stone's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of the Company and East Stone. These forward-looking statements are subject to a number of risks and uncertainties, including the risk that the Transactions disrupt current plans and operations as a result of the consummation of the Transactions described herein; the inability to recognize the anticipated benefits of the Transactions; the ability to maintain the listing of NWTN's securities on The Nasdaq Stock Market following the Transactions, including having the requisite number of shareholders; costs related to the Transactions; changes in domestic and foreign business, market, financial, political and legal conditions; the Company's ability to successfully and timely develop, manufacture, sell and expand its technology and products, including implement its growth strategy; the Company's ability to adequately manage any supply chain risks, including the purchase of a sufficient supply of critical components incorporated into its product offerings; risks relating to the Company's operations and business, including information technology and cybersecurity risks, failure to adequately forecast supply and demand, loss of key customers and deterioration in relationships between the Company and its employees; the Company's ability to successfully collaborate with business partners; demand for the Company's current and future offerings; risks that orders that have been placed for the Company's products are cancelled or modified; risks related to increased competition; risks relating to potential disruption in the transportation and shipping infrastructure, including trade policies and export controls; risks that the Company is unable to secure or protect its intellectual property; risks of product liability or regulatory lawsuits relating to the Company's products and services; risks that the post-combination company experiences difficulties managing its growth and expanding operations; the uncertain effects of the COVID-19 pandemic and certain geopolitical developments; the outcome of any legal proceedings that may be instituted against the Company, East Stone or NWTN or other following consummation of the Transactions and transactions contemplated thereby; the ability of the Company to execute its business model, including market acceptance of its planned products and services and achieving sufficient production volumes at acceptable quality levels and prices; technological improvements by the Company's peers and competitors; and those risk factors discussed in documents of NWTN and East Stone filed, or to be filed, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither East Stone nor the Company presently know or that East Stone and the Company currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect East Stone's and the Company's expectations, plans or forecasts of future events and views as of the date of this release. East Stone and the Company anticipate that subsequent events and developments will cause East Stone's and the Company's assessments to change. However, while East Stone and the Company may elect to update these forward-looking statements at some point in the future, East Stone and the Company specifically disclaim any obligation to do so. Readers are referred to the most recent reports filed with the SEC by East Stone and NWTN. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.<h3>CONTACT &nbsp;</h3>East Stone Acquisition Corporation Xiaoma (Sherman) Lu 2 Burlington Woods Drive, Suite 100 Burlington, MA 01803 sherman@estonecapital.comFor investor enquiries: Michael Bowen nwtnir@icrinc.comFor media enquiries: Edmond Lococo nwtnpr@icrinc.com

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East Stone Acquisition Corporation and NWTN Inc. Announce Shareholder Approval and Closing of Business Combination

<h2>PASSENGER-CENTRIC MOBILITY:REDEFINING TOMORROW'S WORLD</h2>

<h2>TO ACCELERATE THE WORLD'S TRANSITION TO CLEAN ENERGY AND SUSTAINALBE LIVING</h2>

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<h2>Behind all skilled professions,there lies a 'Way' or something akin to 'Zen', where mastering one aspect leads to mastering many.</h2><h4> — From the author of Zen and the Art of Motorcycle Maintenance</h4>

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Behind all skilled professions,there lies a 'Way' or something akin to 'Zen', where mastering one aspect leads to mastering many.

— From the author of Zen and the Art of Motorcycle Maintenance

Behind all skilled professions,there lies a 'Way' or something akin to 'Zen', where mastering one aspect leads to mastering many.

— From the author of Zen and the Art of Motorcycle Maintenance

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Behind all skilled professions,there lies a 'Way' or something akin to 'Zen', where mastering one aspect leads to mastering many.

— From the author of Zen and the Art of Motorcycle Maintenance

Behind all skilled professions,there lies a 'Way' or something akin to 'Zen', where mastering one aspect leads to mastering many.

— From the author of Zen and the Art of Motorcycle Maintenance

PASSENGER-CENTRICMOBILITY:REDEFININGTOMORROW'S WORLD

WHATWE DO

NWTN's Smart Passenger Experience Redefines Mobility.

NWTN's Energy Storage Supports UAE's Net Zero Goal.

NWTN Advances Clean Energy Transition and Sustainability.

Latest Updates

News

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News

News

News

News

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OUR COMMITMENT

Brand Story

Corporate Responsibility

Sustainability

Diversity & Inclusivity

PASSENGER-CENTRIC
MOBILITY:REDEFINING
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