UAE's M Glory opens $408m EV manufacturing unit in Dubai Industrial City

UAE's M Glory opens $408m EV manufacturing unit in Dubai Industrial City
Stock image: Automated Robot Arm Assembly Line Manufacturing Advanced High-Tech Green Energy Electric Vehicles.
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Updated 29 March 2022
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UAE's M Glory opens $408m EV manufacturing unit in Dubai Industrial City

UAE's M Glory opens $408m EV manufacturing unit in Dubai Industrial City

DUBAI: Investment company M Glory Holding Group is entering the electronic vehicle market, having opened an EV manufacturing plant in Dubai Industrial City. 

According to a report in The National newspaper, the plant is touted to be one of the largest EV manufacturing facilities in the Middle East, with a total land area of 93,000 square meters and is valued at 1.5 billion dirhams ($408 million). 

With this plant, the company aims to produce 55,000 EVs a year as demand for green mobility is witnessing a drastic rise. The venture is also expected to create 1,000 jobs.

M Glory has also introduced the Al Damani DMV300, its first fully electric car. 

"The M Glory factory will employ the technologies and techniques of the Fourth Industrial Revolution using the latest robots in the manufacturing processes," said Majida Al Azazi, chairwoman of M Glory Holding Group.