East Stone Acquisition Corp

NASDAQ:ESSC   3:07:30 PM EDT
10.27
+0.01 (+0.10%)
Products, Expansion

Intelligent EB Company NWTN To Establish Its Manufacturing Base In UAE

Published: 06/10/2022 19:50 GMT
East Stone Acquisition Corp (ESSC) - Intelligent Ev Company Nwtn to Establish Its Manufacturing Base in Uae.
Nwtn - Announced Partnership With Sultan Investments in Establishing an Ev Skd Assembly Base in Khalifa Industrial Zone Abu Dhabi.
Nwtn - According to Nwtn, Local Plant Development Plan Includes Two Phases.
Nwtn - in Phase One, Plans to Have a Skd Facility, With an Annual Capacity of 5,000-10,000 Units.
Nwtn - Phase One of Local Plant Development Plan is Expected to Be Completed in Q4 2022.
Nwtn - in Phase Two, Total Area of Plant Will Expand to About 100,000 Square Meters and Capacity Will Increase to 50,000 Units per Year.
Nwtn - Facility for Phase Two of Local Plant Development Plan is Expected to Be Completed by End of 1st Quarter of 2024.