Atlis Motor Vehicles Releases Battery Cell Data Showing Capability on Track to Enable 0 – 100% Charge in 15-mins or Less
March 15 2023 - 8:39AM
Atlis Motor Vehicles (Nasdaq: AMV), a vertically integrated
electric vehicle technology ecosystem company, and battery cell
manufacturer fully owned and operated in the US, today unveiled
battery cell data for its proprietary pouch cell.
Atlis’ NMC pouch cells successfully meet the targets necessary
to enable 15-min charging and ensure consistent performance.
Internal testing shows cells with up to 254 Wh/kg energy density,
1.74 mAh average internal resistance, and the ability to maintain
80% usable capacity after 2,000 cycles.
“We’re on track to meet one of our first goals – to develop a
battery cell capable of high performance,” said Mark Hanchett,
Founder and CEO of Atlis Motor Vehicles. “Our next step is to put
these in a battery pack for delivery to our first set of customers.
As an execution focused company, generating revenue in 2023 is a
critical goal for the company and we’re proud to be hitting
projected targets along the way.”
The Company has continued to scale battery manufacturing
capability since mass production trials of the AMV cell began in
November 2022. The Company is working diligently to meet more than
2 gigawatt-hours (GwH) worth of customer demand. Atlis hopes the
data will enable customers and industry professionals to better
understand the capabilities of its proprietary battery cell
technology and encourages peers to share similar battery cell
specs.
Successful development of Atlis battery cells should inspire
confidence in the Company’s ability to deliver battery packs to
customers in the near future. Atlis battery packs will have a
projected energy density of up to 317 Wh/L. This includes
structure, cooling and heating solutions, electronic system,
battery management and control systems, and necessary support
hardware.
Atlis intends to ship its first battery packs during the first
half of 2023.
For more on Atlis battery cell technology, please visit
https://bit.ly/AMVcelldata
About Atlis Motor Vehicles
Atlis Motor Vehicles is a technology company driving
cutting-edge innovation in electrification and infrastructure. 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
Photos accompanying this announcement are available at
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