AMV - AMV STOCK NEWS

Atlis Motor Vehicles (NASDAQ: AMV) has rebranded to Nxu, Inc. as of April 17, 2023, aiming to revolutionize energy solutions for electrification in mobility and infrastructure. The company plans to ship its first battery packs, the Qube, to an off-highway equipment customer by Summer 2023. This new branding aligns with their mission to enhance battery efficiency and charging speeds, addressing issues like low range and long charge cycles typical in legacy electric batteries. Nxu's strategy includes a focus on generating shareholder value and launching various energy solutions, including the world’s first megawatt charging stations. Notably, a shareholder vote regarding a corporate reorganization is scheduled for May 9, 2023.

Atlis Motor Vehicles (AMV) is hosting a live-stream event on April 17, 2023, at 11:00 am PT to share crucial updates about its electric vehicle technology ecosystem. The company aims to clarify its strategic direction and showcase innovations to facilitate a smoother transition to electrification across various market segments. Atlis, dedicated to creating an energy-available world, invites shareholders, investors, and tech enthusiasts to register for the event. The company underscores its commitment to innovation in the electrification space, although it also issues forward-looking statements about potential risks and uncertainties regarding future performance, product launches, and market dynamics.

Atlis Motor Vehicles (Nasdaq: AMV) announced the appointment of Srinivas Jasthi as Vice President of Software on March 30, 2023. With over 30 years of experience from industry leaders like Amazon and DaimlerChrysler, Jasthi will spearhead the development of integrated cloud services for Atlis Energy products. His addition aims to strengthen company leadership and enhance product delivery, ultimately driving shareholder value. The founder and CEO, Mark Hanchett, expressed confidence that Jasthi's expertise will lead to innovative solutions within the electric vehicle market.

Atlis Motor Vehicles (Nasdaq: AMV) announces CEO Mark Hanchett's participation in the Electric Vehicle & Auto Tech Virtual Conference on March 30, 2023, at 12:00 p.m. ET. Hanchett will join the panel discussion on 'Building a New EV Supply Chain.' The conference aims to address ongoing electric vehicle adoption, advancements in vehicle technology, and battery efficiency opportunities.

Key panel discussions will cover topics such as innovations in EV charging, mining for electric vehicles, and future battery technologies. Interested attendees can reserve their seats by signing up for M-Vest membership.

Atlis Motor Vehicles (Nasdaq: AMV) announced an Investor Town Hall meeting on March 20, 2023, at 7:30 PM ET. Key updates will focus on the company’s 10-K filing, battery cell mass production trials, and increasing customer demand. Notable speakers include CEO Mark Hanchett and CFO Apoorv Dwivedi. The event aims to provide investors with insights into the company's progress and future plans in electric vehicle technology. Interested attendees can sign up for a presentation link through the company’s website.

Atlis Motor Vehicles (Nasdaq: AMV) announced the successful development of its proprietary NMC pouch battery cells, crucial for high-performance electric vehicles. These cells reportedly achieve an energy density of up to 254 Wh/kg and can maintain 80% capacity after 2,000 cycles, enabling 15-minute charging. The company aims to commence shipping battery packs by mid-2023, with projected energy density up to 317 Wh/L. Continued scaling of production is addressing over 2 GwH of customer demand. Atlis emphasizes that meeting revenue targets this year is critical for its growth strategy.

Atlis Motor Vehicles (Nasdaq: AMV) has successfully demonstrated charging capabilities exceeding 1 Megawatt, a significant achievement towards establishing their target 1.5MW charging network. This advancement highlights the need for reliable charging infrastructure as the market shifts towards electric vehicles. Atlis aims to enhance the charging experience with proprietary technology that enables ultra-fast charging. The company believes that improving commercial charging infrastructure is crucial for transitioning fleets to electric, positioning itself as a solution provider in a fragmented market.