Atlis Motor Vehicles: 2 Gigawatt-Hours of Battery Demand

Atlis Motor Vehicles 2 Gigawatt-Hours of Battery Demand
  1. Atlis Motor Vehicles has reached a milestone of two gigawatt-hours of battery capacity demand from multiple customers in the automotive, heavy equipment, and solar industries.
  2. This demand is in the form of non-binding Letters of Intent, Memoranda of Understanding, and Purchase Orders.
  3. The company is the first battery manufacturer fully owned and operated in the US, and this level of interest in its battery technology indicates a demand for robust energy solutions in the market.
  4. Atlis Motor Vehicles’ development of quick charging infrastructure is positioning them as an emerging leader in the energy space.
  5. The company’s battery technology, with advanced immersion liquid cooling, is a solution to the challenges facing customers and partners across a wide range of industries.
  6. Atlis aims to deliver consistent performance, regardless of conditions, as the first US company to manufacture batteries in the US.
  7. The company continues to demonstrate significant industry interest from automotive OEMs, construction equipment manufacturers, mining companies, and more, laying a solid foundation for the company to build upon in the future.
  8. The demand is however subject to manufacturing capacity and final binding agreements

Atlis Motor Vehicles Reaches 2 Gigawatt-Hours in Customer Demand for Batteries Detail:

Atlis Motor Vehicles (Nasdaq: AMV), a company that specializes in electric vehicle technology, announced that it has reached a milestone of two gigawatt-hours’ worth of battery capacity demand from multiple customers in the automotive, heavy equipment, and solar industries. This demand is in the form of non-binding Letters of Intent, Memoranda of Understanding, and Purchase Orders. As the first battery manufacturer fully owned and operated in the US, this level of interest in Atlis’ battery technology shows that the market is looking for robust energy solutions and that the company’s development of quick charging infrastructure is positioning them as an emerging leader in the energy space.

The CEO of Atlis Motor Vehicles, Mark Hanchett, stated that the company’s battery technology with advanced immersion liquid cooling is a clear solution to the challenges facing customers and partners across a wide range of industries. He also emphasized that as the first US company to manufacture batteries in the US, they aim to deliver consistent performance, regardless of conditions, and it is clear the market is responding. However, the demand is subject to manufacturing capacity and final binding agreements. The company continues to demonstrate significant industry interest from automotive OEMs, construction equipment manufacturers, mining companies, and more, which lays a solid foundation for the company to build upon in the future.

About Atlis Motor Vehicles:

Atlis Motor Vehicles (Nasdaq: AMV) is a technology startup that specializes in developing electric vehicle (EV) products for heavy and light duty work trucks used in industries such as agriculture, service, utility, and construction. The company’s aim is to provide electric power to work vehicles and match the towing and payload capabilities of traditional diesel-powered vehicles. To achieve this, Atlis is developing advanced battery technology and a modular system architecture that can be customized to the specific needs of all-electric work vehicles. For more information, visit the company’s website at www.atlismotorvehicles.com.

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