Atlis Motor Vehicles Reaches 2 Gigawatt-Hours in Customer Demand for Batteries
12 January 2023 - 12:40AM
Atlis Motor Vehicles (Nasdaq: AMV), a vertically integrated
electric vehicle technology ecosystem company, and the first
battery manufacturer to be fully owned and operated in the US,
today announced it has reached a milestone of two gigawatt-hours’
worth of battery capacity demand in the form of non-binding Letters
of Intent, Memoranda of Understanding, and Purchase Orders from
multiple customers in the automotive, heavy equipment, and solar
industries.
This volume of sales interest in Atlis’ battery pack technology
speaks to the market’s demand for robust energy solutions and the
Company’s development of quick charging infrastructure, which
stands to position Atlis as an emergent leader in the energy
space.
“Efficiency in packaging and superior heat distribution through
advanced immersion liquid cooling make Atlis battery technology a
clear solution to the challenges facing customers and partners
across a wide range of industries,” stated Mark Hanchett, Atlis
Motor Vehicles’ Founder and CEO. “As the first US company to
manufacture batteries stateside, we’ve set out to deliver
consistent performance, regardless of conditions, and it is clear
the market is responding. This strong demand is encouraging; now
it’s up to our team to deliver.”
While subject to manufacturing capacity and the parties entering
into final binding agreements, Atlis Motor Vehicles continues to
demonstrate significant industry interest from automotive OEMs,
construction equipment manufacturers, mining companies and more,
laying a solid foundation from which the newly public company will
continue to build.
To learn more about Atlis Energy Storage Solutions, please
visit: https://www.atlismotorvehicles.com/energy-solutions.
About Atlis Motor Vehicles
Atlis Motor Vehicles (Nasdaq: AMV) is a startup EV ecosystem
technology company developing products that will power work.
Building an electric vehicle technology platform for heavy and
light duty work trucks used in the agriculture, service, utility,
and construction industries, Atlis intends to meet the towing and
payload capabilities of legacy diesel-powered vehicles by
developing battery technology and a modular system architecture
capable of scaling to meet the specific needs of the all-electric
work vehicle. For more information,
visit www.atlismotorvehicles.com.
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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:
AMV Contact- Mary TroutAtlis Motor
Vehiclesinfo@atlismotorvehicles.com
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