Nxu Opens Game-Changing Charging System to the Public on Sept. 28
Standard-Agnostic Nxu One Megawatt+ Charging System Debuts With $1 Charging Promotion
MESA, Ariz., Sept. 21, 2023 (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, will launch its first public EV charging field trials, in Mesa, Ariz. on Thursday, Sept. 28, at 6 a.m. The Nxu One Megawatt+ Charging System will be located outside the Company’s manufacturing facility at 1828 N. Higley Road in Mesa, where EV users can charge their vehicles, of any make or model that supports CCS, 24 hours a day. In celebration of National Drive Electric Week, Nxu is offering $1 charges from Thursday, Sept. 28 – Sunday, Oct. 1.
“EV users are looking for charging solutions that are reliable, consistent and convenient. Today, they often only get one of those three, if any at all, when they charge their vehicles,” said Nxu Founder, Chairman and CEO Mark Hanchett. “Nxu aims to deliver on all three, starting with our proprietary, powerful Nxu One Charging System. We anticipate a very favorable response from those who experience our charging technology and we can’t wait to put charging power back in the hands of EV drivers.”
The Nxu One Charging System is the only one on the market capable of delivering more than 700kW of universal charging. It is designed to support up to 4.5MW of bi-directional DC power and up to 50kW of bi-directional AC power. Nxu One adapts to any vehicle that supports CCS, charging as fast and with as much power as the vehicle will allow – whether that’s a Chevy Bolt or an EV semi. A seamless cloud experience provides charging monitoring and payment solutions on your mobile device.
About Nxu, Inc.
Nxu, Inc. is a domestic technology company leveraging its intellectual property and innovations to support e-Mobility and energy storage solutions. Driving the energy future, Nxu is developing an ecosystem of industry-leading grid level energy storage solutions, charging infrastructure and over-air cloud management – encompassed by Nxu’s seamless subscription-based models. For more information, visit www.nxuenergy.com.
This 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 achievements 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.” Copies of these filings are available online from the SEC or on the SEC Filings section of our Investor Relations website at www.nxuenergy.com. 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.
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