Associated tags: EV
Locations: DELAWARE, NEW YORK CITY, OHIO, JORDAN, WALL STREET, TOWN HALL, TEHACHAPI, QUARTZSITE, SIEMENS, CALIFORNIA, KRAMER, MESA, AZ, US, ARIZONA
MESA, Ariz., April 01, 2024 (GLOBE NEWSWIRE) -- Nxu, Inc. (NASDAQ: NXU) (“Nxu”, “the Company”), a domestic technology company developing and manufacturing innovative EV charging and energy storage solutions, today announced financial results for the year ended Dec. 31, 2023.
Key Points:
- MESA, Ariz., April 01, 2024 (GLOBE NEWSWIRE) -- Nxu, Inc. (NASDAQ: NXU) (“Nxu”, “the Company”), a domestic technology company developing and manufacturing innovative EV charging and energy storage solutions, today announced financial results for the year ended Dec. 31, 2023.
- Nxu’s full year 2023 financial results and management commentary can be found by accessing the Company’s shareholder letter on the Investor Relations page of the Company’s website.
- “Reflecting on 2023, it emerges as a transformative chapter in Nxu's history," noted Nxu Founder, Chairman, and CEO Mark Hanchett.
- “The strides we took in developing our public charging units and Quartzsite charging facility set the stage for a successful 2024 and beyond.
EV,
Mobile app,
App Store (iOS/iPadOS),
Google Play,
Ecosystem,
Safety,
Privacy,
IOS,
Android,
Web page,
Online shopping MESA, Ariz., March 25, 2024 (GLOBE NEWSWIRE) -- Nxu, Inc. (NASDAQ: NXU) (“Nxu”, “the Company”), a domestic technology company developing and manufacturing innovative EV charging and energy storage solutions, has developed and released the NxuOne™ mobile app, an innovative mobile application designed to seamlessly integrate with NxuOne™ EV Charging Solutions.
Key Points:
- MESA, Ariz., March 25, 2024 (GLOBE NEWSWIRE) -- Nxu, Inc. (NASDAQ: NXU) (“Nxu”, “the Company”), a domestic technology company developing and manufacturing innovative EV charging and energy storage solutions, has developed and released the NxuOne™ mobile app, an innovative mobile application designed to seamlessly integrate with NxuOne™ EV Charging Solutions.
- The NxuOne™ mobile app is engineered to complement the NxuOne™ EV Charging Systems ecosystem, offering users a comprehensive suite of features that optimize the charging experience.
- Key features of the NxuOne™ mobile app include:
Real-Time Monitoring: Users can track the status of their charging sessions in real-time, offering valuable information on charging progress, including speed, peak charge values, and associated costs.
- User-Friendly Interface: Users have the option to initiate charging directly from the Mobile App and then switch to other tasks or apps.
Building on the recent milestone of the successful charging of a Tesla Cybertruck at the NxuOne™ Charging Station, the Nxu team embarked on an ambitious testing phase.
Key Points:
- Building on the recent milestone of the successful charging of a Tesla Cybertruck at the NxuOne™ Charging Station, the Nxu team embarked on an ambitious testing phase.
- Recent charging sessions conducted by Nxu demonstrated consistent charging data reaching as high as 327kW, solidifying Nxu's position as a pioneer in high-speed EV charging.
- The company will continue testing the charging capacity of the NxuOne™ Charging System on other 800V architecture vehicles.
- For more information about the NxuOne™ Charging System, please visit www.nxuenergy.com , or experience the future of EV charging firsthand at the Nxu charging location: 1828 N Higley Road, Mesa, Arizona 85205.
Retrieved on:
Thursday, February 29, 2024
MESA, Ariz., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Nxu, Inc. (NASDAQ: NXU) (“Nxu”, “the Company”), a domestic technology company developing and manufacturing innovative EV charging and energy storage solutions, successfully charged a Tesla Cybertruck (“Cybertruck”) on Feb. 26, 2024; possibly the first-ever successful Cybertruck NACS (North American Charging Standard) charging session performed on a non-Tesla DC fast charging station.
Key Points:
- MESA, Ariz., Feb. 29, 2024 (GLOBE NEWSWIRE) -- Nxu, Inc. (NASDAQ: NXU) (“Nxu”, “the Company”), a domestic technology company developing and manufacturing innovative EV charging and energy storage solutions, successfully charged a Tesla Cybertruck (“Cybertruck”) on Feb. 26, 2024; possibly the first-ever successful Cybertruck NACS (North American Charging Standard) charging session performed on a non-Tesla DC fast charging station.
- One of the first Cybertruck owners in Arizona joined the Nxu team to test the compatibility of the NxuOne™ Charging System, the only universal, dual-technology solution available for public charging, with a Cybertruck.
- Nxu, known for its innovative, fast, and reliable charging solutions, has consistently pushed the boundaries of EV charging limits.
- The successful NxuOne™ Cybertruck charging sessions signifies possibly the first time a third-party NACS charger could accommodate a Cybertruck.
Retrieved on:
Thursday, February 29, 2024
The Letter of Intent (LOI) inked between Nxu and Electric Outdoors solidifies the commitment to establishing a mutually beneficial partnership that will combine the strengths of both companies to amplify the effectiveness and utility of the EO Canopy system.
Key Points:
- The Letter of Intent (LOI) inked between Nxu and Electric Outdoors solidifies the commitment to establishing a mutually beneficial partnership that will combine the strengths of both companies to amplify the effectiveness and utility of the EO Canopy system.
- "We are thrilled to embark on this journey with Electric Outdoors and explore the possibilities found at the intersection of charging technology and outdoor adventure," said Mark Hanchett, CEO and founder at Nxu.
- “This partnership with Nxu aligns perfectly with our mission to revolutionize the future of electric RVs and off-grid camping,” said Josef Hjelmaker, CEO and founder at Electric Outdoors.
- Additionally, Nxu and Electric Outdoors will continue to collaborate on the development of pull-through charging stations designed with the future of electric RVs in mind.
Retrieved on:
Wednesday, February 14, 2024
Upon further review of the Company’s shareholder meeting held May 9, 2023, Nasdaq confirmed that the Company did in fact meet the requirements of the Annual Meeting Rule as of December 31, 2023.
Key Points:
- Upon further review of the Company’s shareholder meeting held May 9, 2023, Nasdaq confirmed that the Company did in fact meet the requirements of the Annual Meeting Rule as of December 31, 2023.
- Nxu has fully regained compliance with all of Nasdaq’s continued listing requirements and will be removed from Nasdaq’s list of noncompliant companies.
- “Nxu has worked incredibly hard to regain compliance with Nasdaq’s continued listing standards,” said Mark Hanchett, Chairman and CEO at Nxu.
- “We fully grasp the gravity and importance of those standards and are committed to maintaining compliance in 2024 and beyond.”
Retrieved on:
Wednesday, February 14, 2024
MESA, Ariz., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Nxu Inc. (NASDAQ: NXU) (“Nxu”, “the Company”), a domestic technology company developing and manufacturing innovative EV charging and energy storage solutions for the infrastructure we need to power our electrified future, announced that on Feb. 13, 2024, the Nasdaq Stock Market (“Nasdaq”) confirmed that the Company has sufficiently demonstrated compliance with the bid price requirement in Nasdaq Listing Rule 5550(a)(2) (“Bid Price Rule”) and regained compliance with the equity requirement in Nasdaq Listing Rule 5550(b)(1) (“Equity Rule”) pursuant to the Nasdaq Hearing Panel (“Panel”) decision dated Dec. 18, 2023 (“Hearing Decision”).
Key Points:
- MESA, Ariz., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Nxu Inc. (NASDAQ: NXU) (“Nxu”, “the Company”), a domestic technology company developing and manufacturing innovative EV charging and energy storage solutions for the infrastructure we need to power our electrified future, announced that on Feb. 13, 2024, the Nasdaq Stock Market (“Nasdaq”) confirmed that the Company has sufficiently demonstrated compliance with the bid price requirement in Nasdaq Listing Rule 5550(a)(2) (“Bid Price Rule”) and regained compliance with the equity requirement in Nasdaq Listing Rule 5550(b)(1) (“Equity Rule”) pursuant to the Nasdaq Hearing Panel (“Panel”) decision dated Dec. 18, 2023 (“Hearing Decision”).
- Nxu presented its compliance plan to the Panel on Dec. 14, 2023, and the Panel gave the Company until April 7, 2024, to demonstrate compliance with the Bid Price Rule and Equity Rule.
- “The plan we presented to Nasdaq in December was thorough and decisive,” said Mark Hanchett, Chairman and CEO at Nxu.
- “Our dedication to timely executing that plan is obvious, as Nasdaq has acknowledged both bid price and equity compliance.
Retrieved on:
Wednesday, February 7, 2024
MESA, Ariz., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Nxu, Inc. (NASDAQ: NXU) (“Nxu”, “the Company”), a domestic technology company creating innovative EV charging and energy storage solutions for the infrastructure we need to power our electrified future, has signed a memorandum of understanding (MOU) with Lynx Motors to negotiate and execute an agreement to create a partnership whereby Lynx will purchase three years of unlimited Nxu EV charging for its Lynx classic vehicle customers.
Key Points:
- MESA, Ariz., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Nxu, Inc. (NASDAQ: NXU) (“Nxu”, “the Company”), a domestic technology company creating innovative EV charging and energy storage solutions for the infrastructure we need to power our electrified future, has signed a memorandum of understanding (MOU) with Lynx Motors to negotiate and execute an agreement to create a partnership whereby Lynx will purchase three years of unlimited Nxu EV charging for its Lynx classic vehicle customers.
- The definitive agreements, once finalized, would allow Lynx to provide its customers with unlimited access to the NxuOne™ charging network, allowing them to focus more on enjoying their vehicles and less about how to charge them.
- “Lynx Motors is a strategic partner we are confident will hasten the development and deployment of our EV charging solutions,” said Nxu Founder, Chairman and CEO Mark Hanchett.
- “As they grow their EV customer base, we learn more and more about the consumer needs and non-negotiables when it comes to charging.
Retrieved on:
Thursday, February 1, 2024
Revenue growth was primarily comprised from the delivery of electric vehicle battery components, though Nxu also increased revenue from paid public charging at its Mesa location.
Key Points:
- Revenue growth was primarily comprised from the delivery of electric vehicle battery components, though Nxu also increased revenue from paid public charging at its Mesa location.
- Charging Site Expansion: The Company confirmed several California NEVI corridor 7 sites under its control.
- The California Energy Commission announced the availability of up to $40,500,000 in grant funds for projects in NEVI corridors.
- Nxu has targeted additional sites within the corridor and has submitted its application for grant funding under the California Energy Commission’s NEVI Formula Program.
Retrieved on:
Thursday, January 25, 2024
Nxu is pursuing grant funding from the more than $40 million in funds being made available to strategically deploy high-powered, direct-current fast charger electric vehicle charging infrastructure.
Key Points:
- Nxu is pursuing grant funding from the more than $40 million in funds being made available to strategically deploy high-powered, direct-current fast charger electric vehicle charging infrastructure.
- Nxu’s application details the company’s plan to develop, own, and operate seven key charging sites along California’s major highway corridors of I-58, I-15, and I-40.
- The plan seeks grant funding to supplement the construction and equipment costs of deploying new charging sites, potentially decreasing up to one fourth of Nxu’s total project costs.
- “Nxu has long been working toward the electrification of high-demand highway routes to ensure EV drivers have a fast, reliable, consistent experience.
