NWTN and ADIB has entered into a Memorandum of Understanding (the "MOU") for a one-year collaboration with automatic renewals to enhance the electric vehicle market in the UAE and beyond, offering unique auto financing options to customers. Under the MOU, ADIB will become the first bank in the UAE to offer exclusive auto financing options at a competitive rate to customers purchasing Rabdan vehicles. Rabdan is NWTN's premium mobility brand.

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. 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.