Atlis Motor Vehicles Debuts Proprietary Megawatt AC/DC Charge Handle and Cable Design, Successfully Delivering Unprecedented 1,200A+ and 1,000V+ in Charge Tests
Atlis Motor Vehicles (Nasdaq: AMV) has unveiled its innovative AC/DC charge handle and charging cable, engineered to deliver up to 1.5MW of power. During testing, the cable transmitted over 1,000 volts and more than 1,200 amps while keeping surface temperatures below 30 degrees Celsius. This flexible design is intended to facilitate the transition of various industries from internal combustion engines (ICE) to electric vehicles (EV). The company aims to develop a robust infrastructure for powering medium and heavy-duty vehicles, promoting faster charging times comparable to traditional fuel refilling.
- Successful testing of charging cable delivering up to 1.5MW of power.
- Innovative design allows for lower temperatures during charging.
- Aiming to support transition to EV for multiple industries.
- None.
MESA, Ariz, Jan. 31, 2023 (GLOBE NEWSWIRE) -- Atlis Motor Vehicles (Nasdaq: AMV), a vertically integrated electric vehicle technology ecosystem company, and the first battery cell manufacturer to be fully owned and operated in the US, today debuted the design of their AC/DC charge handle and charging cable, capable of delivering up to 1.5MW of power. The Atlis team successfully delivered greater than 1,000 volts and more than 1,200 amps of electric current through the cable while maintaining a temperature below 30 degrees Celsius on the surface with minimal loss of power.
Similar in size to a typical 350 kW CCS, the Atlis cable is designed to be less rigid and more malleable during handling while delivering up to 1.5MW of power. Atlis plans to open this standard to its peers to enable mass adoption in the medium and heavy-duty vehicle and e-mobility charging space.
“Atlis is well on its way to building the infrastructure needed to support the transition of contractors, craftsmen, miners, earth movers, ranchers, and others from ICE to EV,” said Mark Hanchett, Atlis Motor Vehicles’ Founder and CEO. “In order to drive adoption across our intended market segment, building our own cable is the logical path forward. Cables available in the market today simply cannot deliver this amount of energy without being too heavy or overheating. The team developed a cable that maintains temperature, remains cool to the touch while charging, and designed a handle that’s user-friendly and small enough for almost anyone to maneuver. Today’s successful test brings us one step closer to realizing our vision of a 1.5MW charging network.”
Amperage, or the strength of electric current, is a defining factor in determining how quickly a vehicle can charge. Charging times that mirror the time it takes to fill a diesel tank is a key requirement for those seeking to electrify fleet trucks, municipal transportation, heavy equipment, and other commercial vehicles. The Company believes that its cable design is a critical step in successfully implementing a network of 1.5MW charging stations needed to accelerate electrification of the Work industry.
About Atlis Motor Vehicles
Atlis Motor Vehicles is a vertically integrated EV technology ecosystem company leveraging its intellectual properties and U.S. manufactured battery innovations to support e-Mobility and energy storage solutions.
The Atlis Ecosystem will consist of superior Battery Cell and Pack technologies, Grid Level Energy Storage Solutions, Charging Infrastructure, Platform and Medium-Duty Electric Mobility Solutions, and Over-Air Cloud Management – all wrapped in Atlis Motor Vehicles’ seamless subscription-based models. For more information, visit www.atlismotorvehicles.com.
Forward Looking Statements
This communication includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "shall," "expect," "anticipate," "believe," "seek," "target," "continue," "could," "may," "might," "possible," "potential," "predict" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding financial and operating outlook, amount of reservation interest and related potential sales, future capital expenditures and other operating expenses, expectations and timing related to product launches, production and delivery volumes, the range and performance of the XP platform and XT truck, estimates of the length of time its existing cash, cash equivalents and investments will be sufficient to fund planned operations, plans and expectations regarding its future capital raises and funding strategy, the timing of deliveries, future manufacturing capabilities and facilities, ability to mitigate supply chain and logistics risks, ability to vertically integrate production processes, future sales channels and strategies, future market launches and international expansion, the potential success of our go-to-market strategy and future vehicle programs, and the promise of the electric vehicle battery technology. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of management. These forward-looking statements are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from these forward-looking statements. Many actual events and circumstances are beyond the control of Atlis and Atlis management. These forward-looking statements are subject to a number of risks and uncertainties, including all of the risk factors stated under the heading “Risk Factors” in our Post-Qualification Amendment No. 11 on Form 1-A POS (“Form 1-A”) filed with the SEC on September 22, 2022, as well as other documents Atlis has filed or will file with the Securities and Exchange Commission. If any of these risks materialize or Atlis's assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks of which Atlis does not currently know or that Atlis currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Atlis's expectations, plans or forecasts of future events and views as of the date of this communication. Atlis anticipates that subsequent events and developments will cause Atlis's assessments to change. However, while Atlis may elect to update these forward-looking statements at some point in the future, Atlis specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Atlis's assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Contacts:
Mary Trout
Atlis Motor Vehicles
info@atlismotorvehicles.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7fc5d271-a02f-4d98-ac3b-406750864b82
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