Rep. Image | Courtesy: Richard Balabarcon @ Pixabay
The Abu Dhabi Investment Office (ADIO) has signed a memorandum of understanding (MoU) with the UAE-based smart vehicle company NWTN, where it will benefit from the Yas Island testing zone, offered by the Emirate’s Smart and Autonomous Vehicles Industry (SAVI) cluster.
NWTN is a pioneering green energy company specialized 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 the wider world towards a zero-emissions future.
Mr. Badr Al-Olama, Director General of Abu Dhabi Investment Office (ADIO), said that, “The launch of Abu Dhabi’s pioneering SAVI cluster has already brought together global companies and talent that will develop innovative solutions and help revolutionize 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 realizing a greener, more sustainable future.”
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.
As per the statement, the newly formed cluster will provide state-of-the-art facilities, services, and regulatory enablement to attract and support innovation and commercialization of advanced autonomous vehicle (AV) technologies in the UAE, unlocking their full global potential.
“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,” commented Mr. Paul Lin, President of NWTN Motors.
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