Atlis Motor Vehicles Debuts Proprietary Megawatt AC/DC Charge Handle and Cable Design, Successfully Delivering Unprecedented 1,200A+ and 1,000V+ in Charge Tests
01 February 2023 - 12:38AM
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 TroutAtlis Motor Vehiclesinfo@atlismotorvehicles.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/7fc5d271-a02f-4d98-ac3b-406750864b82
Atlis Motor Vehicles (NASDAQ:AMV)
Historical Stock Chart
From Mar 2024 to Apr 2024
Atlis Motor Vehicles (NASDAQ:AMV)
Historical Stock Chart
From Apr 2023 to Apr 2024