MESA, Ariz., June 08, 2023 (GLOBE NEWSWIRE) -- Nxu Inc., (NASDAQ: NXU) (“Nxu”, “the Company”), a US-owned technology company manufacturing innovative battery cells and battery packs for use in advanced energy storage systems and megawatt charging stations, today announced the appointment of Jordan Christensen to the Company’s executive team as Chief Legal Officer, effective June 5, 2023. Reporting directly to Chairman and CEO Mark Hanchett, Christensen will oversee the Company’s legal, compliance and regulatory affairs functions, including corporate governance, securities, and corporate finance, commercial, litigation, labor and employment, and intellectual property matters.“Jordan joins Nxu at an important stage in our development, and our entire team will benefit from his wide range of private sector and regulatory experience,” said Mark Hanchett, Chairman and CEO of Nxu. “We have been fortunate to have Jordan serve as our external legal counsel for the past five years, so we know firsthand his strong alignment with Nxu’s strategic goals and his commitment to diversity and sustainability. I am confident Jordan’s contributions will have a significant impact on our journey to long-term value creation for all our stakeholders.”Christensen added, “I am thrilled to be joining Nxu at such an exciting time. The Company has embarked on a path to becoming a leader in the evolution of batteries and energy storage solutions, and I look forward to leveraging my experience and unique perspective to help the entire Nxu team to achieve our ambitious goals for growth and success.”Professional Background of Jordan ChristensenWith nearly 15 years of corporate and legal experience, Christensen brings a broad range of legal and business acumen to Nxu. He joins the Company from WCAZ Law, PLLC, where he was a managing partner acting as outside general counsel for a number of early-phase start-up companies since 2018. In addition, since 2022 he was Assistant Managing Attorney at Salt River Pima-Maricopa Indian Community (“SRPMIC”), a sovereign tribe located in Maricopa County, Arizona. Christensen worked for the SRPMIC from 2015 to 2023.Prior to his tenure with WCAZ Law and the SRPMIC Christensen worked in several regulatory roles, including Assistant Attorney General in the Arizona Attorney General's Office, and as an enforcement Attorney in the Arizona Department of Revenue. Christensen holds a Doctor of Law from the Ohio State University Moritz College of Law and a Master of Business Administration from the University of Wisconsin Colleges.About Nxu, Inc.Nxu, Inc. is a vertically integrated technology company leveraging its intellectual property and U.S.-manufactured battery innovations to support e-Mobility and energy storage solutions. Driving the energy future, Nxu is developing an ecosystem of industry leading battery cell and pack technologies, grid level energy storage solutions, charging infrastructure, platform and medium-duty electric mobility solutions, and over-air cloud management – encompassed by Nxu’s seamless subscription based models. For more information, visit&nbsp;<a href="https://www.globenewswire.com/Tracker?data=n53xhmJt97XvMBEz5i8L2VKQPR4qTixL8oAzHdTMMwQZVpo-uWkuXeo3mYA8VgdXjjd6hEcigqDyHFK6F8x52A==" rel="noopener noreferrer" target="_blank">www.nxuenergy.com</a>.Forward-Looking&nbsp;StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding our future areas of focus and expectations for our business. These forward-looking statements are based on our current assumptions, expectations and beliefs and involve substantial risks and uncertainties that may cause results, performance or achievement to materially differ from those expressed or implied by these forward-looking statements. Such forward-looking statements include statements regarding, among other things, Nxu’s expectations about its long term growth strategy, future growth trajectory, revenue and operations; Nxu’s technology and alignment with broader trends in the EV market; opportunities presented by electrification; beliefs about the general strength, weakness or health of Nxu’s business; and beliefs about current or future trends in EV battery materials or other markets and the impact of these trends on Nxu’s business. A detailed discussion of these factors and other risks that affect our business is included in filings we make with the Securities and Exchange Commission (SEC) from time to time, including our most recent report on Form 10-K, particularly under the heading “Risk Factors.”&nbsp;Copies of these filings are available online from the SEC or on the SEC Filings section of our Investor Relations website at&nbsp;<a href="https://www.globenewswire.com/Tracker?data=n53xhmJt97XvMBEz5i8L2SmV9clpz7zue-1r7NS1jb71VdZtWsm5wEq9qq8i8NIxF1zUfYNm1LO8SVhAqdXB3g==" rel="noopener noreferrer" target="_blank">www.nxuenergy.com</a>. All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements in light of new information or future events. Source: https://www.globenewswire.com/news-release/2023/06/08/2684561/0/en/Nxu-Inc-Appoints-Jordan-Christensen-as-Chief-Legal-Officer.html

[Press Release] Nxu Inc. Appoints Jordan Christensen as Chief Legal Officer

Press Release

<h3>Nxu CEO, President, and CFO to Attend Prominent Investor Events</h3> MESA, Ariz., May 30, 2023 (GLOBE NEWSWIRE) -- Nxu Inc., (NASDAQ: NXU),&nbsp;a US-owned technology company manufacturing innovative battery cells and battery packs for use in advanced energy storage systems, megawatt charging stations, and mobility products, today announced that it will participate in the 13th Annual LD Micro Invitational investor conference in Los Angeles and Evercore ISI’s Global Clean Energy &amp; Transition Technologies Summit in New York City.&nbsp;Mark Hanchett, Nxu Founder and CEO, and Annie Pratt, Nxu President, will conduct in-person one-on-one meetings during the LD Micro Invitational XIII investor conference being held June 6, 2023, at the Luxe Sunset Boulevard Hotel in Los Angeles, CA. To schedule&nbsp;a one-on-one meeting with Nxu during the event, please contact Evan Hauser,&nbsp;<a href="mailto:investors@nxuenergy.com" rel="noopener noreferrer">investors@nxuenergy.com</a>.Apoorv Dwivedi, Nxu CFO, will conduct in-person one-on-one meetings during the Evercore ISI Global Clean Energy &amp; Transition Technologies Summit being held June 15-16 at the Mandarin Oriental in New York City. The summit provides an engaging forum to discuss sustainability related issues with private and public company executives and key industry leaders. To schedule a one-on-one meeting with Nxu during the Summit, please contact your Evercore ISI representative.&nbsp;For more on Nxu’s latest investor news and upcoming events, please visit&nbsp;<a href="https://nxuenergy.com/investors" rel="noopener noreferrer" target="_blank">https://nxuenergy.com/investors</a>.About Nxu, Inc.Nxu, Inc. is a vertically integrated technology company leveraging its intellectual property and U.S.-manufactured battery innovations to support e-Mobility and energy storage solutions. Driving the energy future, Nxu is developing an ecosystem of industry leading battery cell and pack technologies, grid level energy storage solutions, charging infrastructure, platform and medium-duty electric mobility solutions, and over-air cloud management – encompassed by Nxu’s seamless subscription-based models. For more information, visit&nbsp;<a href="http://www.nxuenergy.com/" rel="noopener noreferrer" target="_blank">www.nxuenergy.com</a>. Source: <a href="https://www.globenewswire.com/en/news-release/2023/05/30/2678358/0/en/Nxu-Inc-to-Attend-Upcoming-LD-Micro-Investor-Conference-and-Evercore-ISI-Global-Clean-Energy-Transition-Technologies-Summit.html" rel="noopener noreferrer" target="_blank">https://www.globenewswire.com/en/news-release/2023/05/30/2678358/0/en/Nxu-Inc-to-Attend-Upcoming-LD-Micro-Investor-Conference-and-Evercore-ISI-Global-Clean-Energy-Transition-Technologies-Summit.html</a>

[Press Release] Nxu, Inc. to Attend Upcoming LD Micro Investor Conference and Evercore ISI Global Clean Energy & Transition Technologies Summit

<h2>Nxu Inc. Announces New Strategic Hires as Company Moves to Build a Future of Infinite Energy</h2><ul><li>Former Carvana leader Sarah Wyant appointed as Nxu VP of Finance; EVONIX government affairs leader Madeline Lefton appointed as Nxu Director of Government Affairs</li></ul>MESA, Ariz., May 25, 2023 (GLOBE NEWSWIRE) -- Nxu Inc., (NASDAQ: NXU), a&nbsp;US-owned technology company manufacturing innovative battery cells and battery packs for use in advanced energy storage systems and megawatt charging stations, today announced the appointment of Sarah Wyant as Vice President of Finance and Madeline Lefton as Director of Government Affairs, effective May 15, 2023.“We are thrilled to have Sarah on board,” said Apoorv Dwivedi, Chief Financial Officer of Nxu. “Sarah is an important addition to the team and brings an expert blend of financial acumen and strategy, operational experience, and strong leadership skills. As a relatively young company, building out a robust finance organization is a high priority. In addition to playing a key leadership role on our finance team, Sarah will support the broader Nxu team by mentoring staff and spearheading programs that champion diversity in the workplace.”Wyant brings 20 years of experience in corporate accounting, cross-functional team leadership, and business strategy to Nxu after serving as Associate Director of Financial Planning &amp; Analysis for Carvana, a Fortune-500 publicly traded vehicle e-commerce company. During her tenure at Carvana, Wyant served as Chief Financial Officer of the organization's retail business where she oversaw the unit’s financial operations and drove enterprise-wide change with her tactical and progressive approach to demonstrate operational efforts and financial impact. Since 2016, she has served in various functions including Audit Supervisor at BKD CPAs &amp; Advisors, Audit Manager at Eide Bailly LLP, and Head of Corporate Accounting for Carvana. Wyant holds a bachelor’s degree in accounting from the Metropolitan State University of Denver.“It’s exciting to work for a company that is on a mission to improve lives through sustainable tech innovation,” said Wyant. “Nxu has a bold vision for its future and my experience leading high-performing finance teams and implementing strategies to drive business growth are well aligned to help support this vision. I am hopeful my expertise will contribute to the value of the organization and help propel the business forward.”&nbsp;Lefton brings to Nxu more than a decade of experience in energy consulting, legislative, financial and operational experience lobbying for, financing, and building carbon and non-carbon-based technologies and infrastructure. She worked for various Silicon Valley energy startups and private equity firms before rising in the political ranks to become Senior Advisor in the Department of Energy, Office of Nuclear Energy. Lefton most recently acted as Head of Government Affairs for EVONIX, an advanced lithium battery company, where she supported programs that resulted in multiple government contracts and grants. Lefton holds a Bachelor's Degree in History from Dartmouth College and a Juris Doctorate in Energy Law from Lewis &amp; Clark Law School.&nbsp;“Madeline’s addition to the team reinforces our commitment to building the future of energy in partnership with local, state, and federal agencies,” said Annie Pratt, Nxu President. “She brings with her a wealth of knowledge that will fortify our position as a trusted partner in the public arena and look forward to seizing new opportunities under her leadership.”“I have a deep passion for helping companies gain the governmental support needed to develop technologies that will change the world,” said Lefton. “My roles in startups, public companies, and government groups, have given me the breadth of experience needed to help Nxu deliver on its bold goal for a future of electrified infrastructure.”&nbsp;About Nxu, Inc.&nbsp;Nxu, Inc. is a vertically integrated technology company leveraging its intellectual property and U.S.-manufactured battery innovations to support e-Mobility and energy storage solutions.&nbsp;Driving the energy future, Nxu is developing an ecosystem of industry leading battery cell and pack technologies, grid level energy storage solutions, charging infrastructure, platform and medium-duty electric mobility solutions, and over-air cloud management – encompassed by Nxu’s seamless subscription-based models. For more information, visit <a href="www.nxuenergy.com" rel="noopener noreferrer">www.nxuenergy.com</a>. CONTACT:Mary TroutNxu, Inc.<a href="mailto:info@nxuenergy.com" rel="noopener noreferrer">info@nxuenergy.com</a>&nbsp; Laura Guerrant-OiyeFinancial Profiles, Inc.&nbsp;<a href="mailto:nxu@finprofiles.com" rel="noopener noreferrer">nxu@finprofiles.com</a>&nbsp;(310) 622-8250 Source: <a href="https://www.globenewswire.com/en/news-release/2023/05/25/2676098/0/en/Nxu-Inc-Announces-New-Strategic-Hires-as-Company-Moves-to-Build-a-Future-of-Infinite-Energy.html" rel="noopener noreferrer" target="_blank">https://www.globenewswire.com/en/news-release/2023/05/25/2676098/0/en/Nxu-Inc-Announces-New-Strategic-Hires-as-Company-Moves-to-Build-a-Future-of-Infinite-Energy.html</a>

[Press Release] Nxu Inc. Announces New Strategic Hires as Company Moves to Build a Future of Infinite Energy

MESA, Ariz., May 11, 2023 (GLOBE NEWSWIRE) -- Atlis Motor Vehicles, Inc. (NASDAQ: AMV), a US-owned technology company manufacturing innovative battery cells and battery packs for use in advanced energy storage systems, megawatt charging stations, and mobility products, today announced shareholder approval of the company reorganization to a holding company structure with Nxu, Inc. (pronounced: “new”) as the surviving publicly traded entity (the “Holding Company Proposal”). A proposed Omnibus Incentive plan was also approved by the shareholders (the “Plan Proposal”).&nbsp;At a special meeting for shareholders held on May 9, 2023, 99.86% of voting shares were in favor of the Holding Company Proposal to restructure the company, resulting in Atlis Motor Vehicles becoming a subsidiary of a new Delaware corporation named “Nxu, Inc.” Shareholders voted 99.77% of voting shares in approval of the Plan Proposal, which promotes ownership in Nxu, Inc. by its employees, directors, and consultants by allowing them to receive compensation in the form of awards based on the value of Nxu common stock. The Plan Proposal was previously approved and recommended by Nxu’s Board of Directors.&nbsp;“​We’re thrilled to have the support of our shareholders throughout this evolution of our company,” says Nxu CEO and Founder Mark Hanchett. “This restructuring demonstrates our commitment to generate maximum value for customers and shareholders. By offering the stock compensation plan, we intend to attract top talent – those with innovative mind who will help us deliver against our milestones and develop technology that makes electrification viable for mobility and infrastructure.”The special shareholder meeting comes just three weeks after the company announced its rebranding to Nxu, a move that more closely aligns with the company’s focus on developing technology to make electrification viable for mobility and infrastructure. The new ticker symbol "NXU" will become effective upon the opening of the Nasdaq market on May 15, 2023. Outstanding stock certificates will not be affected by the name change and will not need to be exchanged. All stock trading, filings and market-related information will be reported under the new corporate name and ticker symbol. For more information, visit the Nxu Investor’s FAQ page:&nbsp;<a href="https://nxuenergy.com/investors/faq" rel="noopener noreferrer" target="_blank">https://nxuenergy.com/investors/faq</a>.&nbsp;About Nxu, Inc.Nxu, Inc. is a vertically integrated technology company leveraging its intellectual properties and U.S.-manufactured battery innovations to support e-Mobility and energy storage solutions.The Nxu Ecosystem will consist of industry leading 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 Nxu’s seamless subscription-based models. For more information, visit&nbsp;<a href="http://www.nxuenergy.com/" rel="noopener noreferrer" target="_blank">www.nxuenergy.com</a>.Forward-Looking Safe Harbor StatementThis 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 the offering, sale of securities, our ability to complete the offering and our intended use of proceeds. 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 Nxu and Nxu 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 the most recently filed Registration Statement, as well as other documents Nxu has filed or will file with the Securities and Exchange Commission. If any of these risks materialize or Nxu’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 Nxu does not currently know or that Nxu 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 Nxu’s expectations, plans or forecasts of future events and views as of the date of this communication. Nxu anticipates that subsequent events and developments will cause Nxu’s assessments to change. However, while Nxu may elect to update these forward-looking statements at some point in the future, Nxu specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Nxu'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.Source: <a href="https://www.globenewswire.com/en/news-release/2023/05/12/2668108/0/en/CORRECTION-Atlis-Motor-Vehicles-Shareholders-Approve-Reorganization-to-Holding-Company-Nxu-Inc-and-Omnibus-Incentive-Plan.html" rel="noopener noreferrer" target="_blank">https://www.globenewswire.com/en/news-release/2023/05/12/2668108/0/en/CORRECTION-Atlis-Motor-Vehicles-Shareholders-Approve-Reorganization-to-Holding-Company-Nxu-Inc-and-Omnibus-Incentive-Plan.html</a>

[Press Release] AMV Shareholders Approve Reorganization to Holding Company, Nxu, Inc. and Omnibus Incentive Plan

$AMV

MESA, Ariz., May 04, 2023 (GLOBE NEWSWIRE) -- Atlis Motor Vehicles, Inc. (NASDAQ: AMV), a&nbsp;US-owned technology company manufacturing innovative battery cells and battery packs for use in advanced energy storage systems, megawatt charging stations, and mobility products, will host a special shareholder meeting on Tuesday, May 9, 2023, at 8 am PT/11 am ET.In the meeting, Atlis will seek shareholder approval on restructuring the company to a holding company with Nxu, Inc (pronounced: “new”) as the surviving publicly traded entity. Upon approval, Atlis will become a subsidiary under Nxu. The company also seeks approval of a new omnibus incentive plan.&nbsp;AMV stockholders can attend the special meeting online and vote electronically with the control number found on a previously mailed proxy card. To attend the meeting, vote, and submit questions, visit:&nbsp;<a href="https://www.globenewswire.com/Tracker?data=nSjW_x_3u0_9Cys83fi3lWjf0fmj_V4a3fpY63T7bAmIL4I1d7GkSc0qcDY7mnsHGYxxggYNfSOmn8ahel5dwa8MIvwSdgIepq45cyOSIcAa12XFgsgHDHU7nAUxjbGyQGqEdJM--l89NOiMvjGevFZ3LfbuwXjA6R1_PN1aTKHFJ8Y3tL_MsLllJIVekFsXRKCR1jfWIvLXSWHcp382ybNRNjJGfkMUALDDep8UzqFXTQ5hDPEHTJKrZqH-B_p2DwkUTbqBa7YFsHvyIOq0sWED07mlcFYtBmEdc_oy9vEZsJlmvAFzL8x85EtJrVNusa3KqtproPwz-unN-T3XcgRc7XaMT-WuEjJhh2LVPDyY0K1adqNh8qIrVszVvUI-2mvx4iPqAVHbApseqKe6KEvOQQ5yMIG3C_7IygVJt0gHzCcuhbyW_CPNqxeGf6SEAz-gN_qeIQls3H8CnuSxkxN4MkkNRgqgLWc6sijxPjhrp5vs_zHlmZ2vHnEOKjdieHSONyL88g5E-Y4qc3apJagJrM_ZAUFTKd2n8YoOylQHEfLbeokS6K4BpBO-1XQscMnP2Q2SlxsnkBTIq1CiC94Bk6nQdSSUA_51RXDlsnJ15LOjE6zYqBtFXrcfXlwr" rel="noopener noreferrer" target="_blank">www.virtualshareholdermeeting.com/AMV2023SM</a>. For more information, visit the Nxu Investor’s FAQ page:&nbsp;<a href="https://www.globenewswire.com/Tracker?data=91nF77rGCemjqAqH2nuPDy85tcewijNfodoSDTNEtnejuRLbpPunKuEBifzgbeZkk4xLEGlmqQbrkzYmuQdAmgC6XXqIXV5TCzDf2Pe6-Niqbl5DOF21_bg77WCC1M__" rel="noopener noreferrer" target="_blank">https://nxuenergy.com/investors/faq</a>.&nbsp;About Nxu, Inc.Nxu, Inc. is a vertically integrated technology company leveraging its intellectual properties and U.S.-manufactured battery innovations to support e-Mobility and energy storage solutions.The Nxu Ecosystem will consist of industry leading 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 Nxu’s seamless subscription-based models. For more information, visit&nbsp;<a href="https://www.globenewswire.com/Tracker?data=yOiMocgehxeOfbpoXkBaBoAJSzBFMRuK36DAR8WbCrOeP7EQ9ATvbAwO9R3REd5UjeBksmwmKexLzUKqrRWESA==" rel="noopener noreferrer" target="_blank">www.nxuenergy.com</a>.Forward-Looking Safe Harbor StatementThis 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 the offering, sale of securities, our ability to complete the offering and our intended use of proceeds. 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 the most recently filed Registration Statement, 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.Source: https://www.globenewswire.com/news-release/2023/05/04/2661179/0/en/Atlis-Motor-Vehicles-to-Host-Special-Shareholder-Meeting-Seeks-Approval-of-Holding-Company-Restructuring-and-Omnibus-Incentive-Plan.html

[Press Release] AMV to Host Special Shareholder Meeting; Seeks Approval of Holding Company Restructuring and Omnibus Incentive Plan

MESA, Ariz., April 17, 2023 - Atlis Motor Vehicles, Inc. (NASDAQ: AMV) (“Atlis”), a&nbsp;US-owned technology company manufacturing innovative battery cells and battery packs, for use in advanced energy storage systems and megawatt charging stations, announced today that it will ship its first battery packs to an off-highway equipment customer in Summer 2023. Additionally, Atlis will rebrand as <a href="http://www.nxu.inc/" rel="noopener noreferrer" target="_blank">Nxu, Inc.</a> (pronounced: “new”), a move that more closely aligns with the Company’s focus on developing technology to make electrification viable for mobility and infrastructure.“At Nxu, we are driving an energy revolution by building energy solutions that enable a faster transition to an electric future,” says Nxu CEO and Founder Mark Hanchett. “Imagine not having to stop for hours to recharge during your family RV road trip or worrying about how to transition your business’s fleet from diesel to electric. The path towards this future begins with a hard reboot to existing battery and charging solutions and Nxu will pave the way through development of electric battery cells, battery packs, energy storage solutions and the world’s first megawatt (MW) charging stations, starting with the delivery of the Qube battery pack.”Legacy electric batteries that power many of today’s vehicles have low range due to limitations in energy density and require long charge cycles. Nxu’s Qube, <a href="https://nxu.inc/energy-solutions" rel="noopener noreferrer" target="_blank">with its proprietary cells</a>, is intended to address these challenges by allowing vehicles that use Nxu’s battery pack to charge faster, go farther, and have an extended lifespan. In addition, the Company’s energy solutions can be used to power various mobility products, residential and commercial energy storage systems, and charging infrastructure.&nbsp;"Nxu's vertically integrated approach is designed to generate value for our shareholders and our customers across all levels of the value chain,” said Nxu President, Annie Pratt. “The company is committed to a milestone-driven strategy that prioritizes delivering the first battery packs and generating revenue this Summer."The company's official website is now <a href="http://www.nxu.inc/" rel="noopener noreferrer" target="_blank">www.nxu.inc</a>. The rebrand is part of a corporate reorganization to a holding company structure scheduled to close May 11, 2023 after a shareholder vote on May 9, 2023. Outstanding stock certificates will not be affected by the name change and will not need to be exchanged. All stock trading, filings and market-related information will be reported under the new corporate name and ticker symbol.Nxu’s management team will host a live Zoom video webinar to discuss the re-brand and their vision of an untethered energy ecosystem today at 2 p.m. ET. Attendees can click <a href="https://us06web.zoom.us/webinar/register/7916812436720/WN_INgnQ-4sTE635Tf8tRX6vw" rel="noopener noreferrer" target="_blank" style="color: rgb(49, 112, 250);">here</a> to register.On Earth Day, April 22, 2023, Nxu is inviting the public to be among the first to charge their EVs on a Nxu charger at its headquarters in Mesa, AZ. The public will have the opportunity to tour the manufacturing facility and see how Nxu is building the Qube and the rest of their ecosystem from the ground up. The event will take place 10 a.m. - 6:00 p.m. (PST) at 1828 N Higley Rd, Ste 116, Mesa, AZ 85205.&nbsp;About Nxu, Inc.Nxu, Inc. is a vertically integrated technology company leveraging its intellectual properties and U.S.-manufactured battery innovations to support e-Mobility and energy storage solutions.The Nxu Ecosystem will consist of industry leading 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 Nxu’s seamless subscription-based models. For more information, visit <a href="http://www.nxu.inc/" rel="noopener noreferrer" target="_blank">www.nxu.inc</a>.Forward-Looking Safe Harbor StatementThis 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 the offering, sale of securities, our ability to complete the offering and our intended use of proceeds. 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 Nxu and Nxu 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 the most recently filed Registration Statement, as well as other documents Nxu has filed or will file with the Securities and Exchange Commission. If any of these risks materialize or Nxu’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 Nxu does not currently know or that Nxu 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 Nxu’s expectations, plans or forecasts of future events and views as of the date of this communication. Nxu anticipates that subsequent events and developments will cause Nxu’s assessments to change. However, while Nxu may elect to update these forward-looking statements at some point in the future, Nxu specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing nxu'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. Source: <a href="https://www.globenewswire.com/news-release/2023/04/17/2647939/0/en/Atlis-Motor-Vehicles-Announces-Summer-2023-Ship-Date-for-New-Battery-Technology.html" rel="noopener noreferrer" target="_blank">https://www.globenewswire.com/news-release/2023/04/17/2647939/0/en/Atlis-Motor-Vehicles-Announces-Summer-2023-Ship-Date-for-New-Battery-Technology.html</a><h1> </h1>

[Press Release] AMV Announces Summer 2023 Ship Date for New Battery Technology, Atlis rebrands to Nxu, Inc. with a global vision of untethered energy

MESA, Ariz., April 11, 2023 (GLOBE NEWSWIRE) -- <a href="http://atlismotorvehicles.com/">Atlis Motor Vehicles</a> (Nasdaq: AMV), a vertically integrated electric vehicle technology ecosystem company, and US-owned and operated battery cell manufacturer, will host a live stream event, Monday, April 17th, 2023, at 11:00am PT / 2:00pm ET. For updates on the next phase of the Company’s journey, shareholders, investors, and tech enthusiasts alike are invited to attend.
With a vision to enable a world where energy is available on demand, anywhere and everywhere, the Company plans to share important developments, clarify its strategic direction, and showcase products and innovations intended to promote a more seamless transition to electrification across all market segments.
To join this event, please register for the live stream <a href="https://us06web.zoom.us/webinar/register/4616811719528/WN_INgnQ-4sTE635Tf8tRX6vw#/registration">here</a>.
<img src="https://jsfqwnrgxqnkypdxepwk.supabase.co/storage/v1/object/public/blog-images/6CXkDvQTPGtHZ3KO910Zrl-D.png" alt="" />
About Atlis Motor Vehicles
Atlis Motor Vehicles is a technology company driving cutting-edge innovation in electrification and infrastructure. For more information, visit <a href="https://www.globenewswire.com/Tracker?data=YHC15FzJVS3fqodXx3fu0f1A8pKAHitSYHKZr1bDLOBsxQYzwGnyRxaBtAZLWyCJIGBq_GeZ2vebqwH1bmo2c4hvXm1ph-P8iOUtBCtcEsFm3BGs2HjmNGEm0lOJ6XySVGKTv3SD3aEtL7mo_o3JXudSe09tYCtZVzYSTLFzytWaFi3VUVEDpgvWLHTL_jarulmAAG2sFxRjvfinLUpmE4jI75Dr1filFkyWELVgUWMEpP4YTktSNBeLNXql50vnXaFXNatu-CkSC-ZaAajkLjKyNpv2yX4UtuTsLGwByX4=">www.atlismotorvehicles.com</a>.&nbsp;
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," “contemplate,” "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, regulatory challenges, growth rate projections, intellectual property protections, 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 Annual Report on Form 10-K filed on March 16, 2023, 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.&nbsp;
Source:<a href="https://www.globenewswire.com/news-release/2023/04/11/2644424/0/en/Atlis-Motor-Vehicles-to-Share-Important-Updates-Regarding-the-Company-s-Future-During-Live-Stream-Event-on-Monday-April-17th-2023-at-11am-PT-2pm-ET.html"> https://www.globenewswire.com/news-release/2023/04/11/2644424/0/en/Atlis-Motor-Vehicles-to-Share-Important-Updates-Regarding-the-Company-s-Future-During-Live-Stream-Event-on-Monday-April-17th-2023-at-11am-PT-2pm-ET.html</a>

[PRESS RELEASE] AMV to Share Important Updates Regarding the Company’s Future During Live Stream Event on Monday, April 17th, 2023, at 11am PT / 2pm ET

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[PRESS RELEASE] AMV to Share Important Updates Regarding the Company’s Future During Live Stream Event on Monday, April 17th, 2023, at 11am PT / 2pm ET

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