MESA, Ariz. , Sept. 18, 2023 (GLOBE NEWSWIRE) — Nxu Inc. , (NASDAQ: NXU) (“Nxu,” the “Company”), a national generation company that creates electric car electric garage and charging solutions for infrastructure that we want to power our electrified future, has a contract to acquire the site for its first megawatt charging deployment, at Quartzsite, Arizona. Located on a main thoroughfare directly at exit 19 of Interstate 10, the Nxu One Megawatt charging center location will provide a much-desired charging experience for the growing number of conventional and advertising electric vehicles traveling on this major highway between Phoenix and Los Angeles.
The Nxu One charging formula is the only universal dual-tech solution available for public charging. With a liquid-cooled charging handle, it is designed for up to 4. 5 MW bidirectional DC force and up to 50 kW bidirectional AC force. Nxu One adapts to the vehicle and charges as fast and with as much power as the vehicle allows, whether it’s a Chevy Bolt or a semi EV. A seamless cloud experience offers payment and cargo tracking solutions.
“The number of EV and truck drivers traveling longer distances and wanting better, more customer-centric charging responses increases throughout the day,” said Mark Hanchett, founder, president and CEO of Nxu. “The resolve to advance our long-endurance electric vehicles deserve to be rewarded with an effective charging experience, without long queues, unreliable generation and slow charging. We revere ourselves for taking EV users from point A to point B with consistency and accept as true that they enjoy through their gasoline. -propelled counterparts.
Building on this year’s successful megawatt charging and NACS charging compatibility demonstrations, the company will roll out box trials of its Nxu One charging formula in the coming weeks. Nxu plans to start building on Quartzsite in 2024, aiming to offer cargo. to consumers as soon as imaginable once the structure is complete.
Forward-Looking Statements This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, statements regarding our long-term focus areas and expectations for our business. These forward-looking statements are based on our existing assumptions, expectations and ideals and involve significant dangers and uncertainties that could possibly cause actual results, functionality or achievements to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements come with statements relating to, among other things, Nxu’s expectations relating to its long-term expansion strategy, long-term expansion trajectory, revenues and operations; The generation of Nxu and its alignment with broader trends in the electric vehicle market; the opportunities presented by electrification; ideals relating to the strength, weakness or general suitability of Nxu’s business; and reviews on existing or long-term trends in electric vehicle battery materials or other markets and the effect of such trends on Nxu’s business. A detailed discussion of those points and other dangers facing our business is included in the documents we file from time to time with the Securities and Exchange Commission (SEC), adding specifically our most recent report on Form 10-KArray in the “Risks” section. “segment. Factors. ” Copies of those filings can be obtained online from the SEC or in the SEC Filings segment of our online Investor Relations page at www. nxuenergy. com. All forward-looking statements contained in this press release They are based on existing data to inform us, and we undertake no legal responsibility to update such forward-looking statements in light of new data or long-term events.
CONTACT: Media Contact Amy O’Harainfo@nxuenergy. com
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