AMV - AMV STOCK NEWS

Atlis Motor Vehicles, Inc. (NASDAQ: AMV) has priced a public offering of 8,334,000 units at $1.56 per unit. Each unit includes one share of Class A common stock and warrants to purchase additional shares. The offering aims to raise approximately $13.0 million in gross proceeds before expenses, with the closing anticipated on February 21, 2023. The offering is conducted under a registration statement declared effective by the SEC on February 14, 2023, and is managed by Maxim Group LLC as the sole placement agent. This initiative supports Atlis's growth in the electric vehicle space.

Atlis Motor Vehicles (Nasdaq: AMV) is expanding its manufacturing capabilities to meet increasing demand for its battery cell and pack technology. The workforce has grown from 3 to 37 employees, enabling 24/7 operations. Despite industry layoffs, Atlis is committed to hiring and investing in R&D across various engineering divisions. CEO Mark Hanchett emphasizes the importance of a skilled team to drive the company's growth strategy. Employees benefit from comprehensive health plans, 401(k), and career development opportunities. The company is navigating a challenging market while focusing on its electric vehicle technology ecosystem.

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.

Atlis Motor Vehicles (Nasdaq: AMV) announced a fifteen-fold increase in daily battery cell output since November 2022, when it commenced trial mass production. The company has invested in new equipment to enhance automation and efficiency at its Arizona facility, aiming to meet customer demand effectively. Atlis' production capabilities have escalated from 30 battery cells per week to hundreds, emphasizing its unique position as the only U.S.-owned battery manufacturer producing cells domestically. Founder and CEO Mark Hanchett highlighted the significance of this milestone in advancing their manufacturing strategy.

Atlis Motor Vehicles (Nasdaq: AMV) announced that Victor Atlasman will present at the EV Charging Infrastructure Conference on February 20, 2023, in Long Beach, CA. With over a decade of experience in EV charging systems, Atlasman will discuss strategies for building and expanding charging infrastructure, including challenges faced by EVSE manufacturers and the role of energy storage systems in communities. He emphasizes the importance of advancing sustainable technologies in the evolving energy landscape, coining the term 'Energy 2.0.'

Atlis Motor Vehicles (Nasdaq: AMV), an electric vehicle technology company, welcomed the Biden-Harris administration's National Blueprint for Transportation Decarbonization. The blueprint emphasizes decarbonization efforts and suggests focusing on proven technologies for cleaner heavy equipment. CEO Mark Hanchett advocates for minimizing investments in alternative fuels and prioritizing technologies that enhance public health and energy security. He believes the private sector should lead advancements in clean transportation. Atlis aims to develop electric work trucks and plans to leverage its unique position as the only US-owned battery manufacturer to meet industry demands.

Atlis Motor Vehicles (Nasdaq: AMV) announced it has secured two gigawatt-hours of battery capacity demand via non-binding Letters of Intent, Memoranda of Understanding, and Purchase Orders from various customers across the automotive, heavy equipment, and solar sectors. This strong demand highlights market interest in Atlis’ battery technology and quick charging infrastructure. As the first U.S.-owned battery manufacturer, Atlis aims to address industry challenges while laying a foundation for future growth. CEO Mark Hanchett indicates a commitment to deliver consistent performance as demand increases.

Atlis Motor Vehicles (Nasdaq: AMV) has secured its first orders for residential energy storage packs from HALEE Solar, a local Arizona energy provider. This partnership aims to enhance the Atlis ecosystem, delivering advanced energy solutions for homes. CEO Mark Hanchett emphasized the company's commitment to developing its own battery systems, while HALEE's CEO, Tyler Lyman, highlighted their innovative approach to residential clean energy. This collaboration marks a significant step in Atlis's strategy to diversify its offerings within the electric vehicle technology landscape.

Atlis Motor Vehicles (Nasdaq: AMV) has commenced trial mass production of its battery technology in Mesa, Arizona. This initiative is crucial for the final development stage of their battery manufacturing process, aimed at enhancing efficiency and quality. David Apps, VP of Operations, expressed confidence in meeting customer demands at scale. Upon successful trials, the company plans to confirm quality and accelerate its first manufacturing run for delivery. This step is essential for Atlis as it seeks to position itself in the electric vehicle market, specifically targeting heavy-duty work vehicles.