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  • eth = $3 090.69 29.13 (0.95 %)

  • ton = $6.41 0.17 (2.78 %)

11 Sep, 2022
1 min time to read

Falak Motors has announced that it will assemble premium electric vehicles in the UAE. According to Hideki Tamaki, founder of Falak Motors, parts will include chassis, engines and batteries imported from Japan, Taiwan, China and the EU.

Falak Motors is capable of producing various types of electric vehicles as it has exclusive partnerships with more than 25 advanced engineering firms.

Based at the Dubai International Financial Centre, the company intends to raise $10 million in exclusive equity financing.

Tamaki said:

We will establish an EV and charging infrastructure company based on Japanese technology in the UAE. I have built a supply chain of more than 20 electric vehicle manufacturers throughout East Asia, using the extensive network cultivated in Japan, China, Taiwan, Hong Kong, etc.”

Tamaki is confident of the UAE's growth as it strives to build a sustainable economy. The future is about providing clean energy and zero carbon emissions.

Production facilities in the UAE will be laid down over the next four to six months and an assembly plant will start operations in 2024.