MESA, Ariz., Feb. 07, 2023 (GLOBE NEWSWIRE) -- Atlis Motor Vehicles (Nasdaq: AMV), a vertically integrated electric vehicle technology ecosystem company, and the first battery cell manufacturer to be fully owned and operated in the US, today announced that the Company is on track to double in size to meet strong customer demand for its battery cell and battery pack technology.

The company plans to expand its AMV battery cell and pack manufacturing capabilities to meet production targets. During the prior quarter, production staff increased from 3 individuals to 37 and added multi-shift work schedules to enable the Company to manufacture cells twenty-four hours a day, seven days a week. In addition, Atlis continues to successfully recruit R&D talent across the Mechanical, Hardware, Software, Test, and Manufacturing Engineering teams.

Amidst industrywide layoffs, the Atlis team plans to sustain its growth trajectory and add headcount across the business while continuing to heavily invest in research and development for the Atlis EV technology ecosystem.

“A key component of our long-term growth strategy is concentrating investment in team members who devote their skill, experience, and knowledge to the success of Atlis and our mission,” said Mark Hanchett, Founder and CEO of Atlis Motor Vehicles. “We’re building a team of relentless problem-solvers focused on building technologies and solutions that will make it easier for our target segment to transition to EVs.”

For employees, Atlis offers benefits including health, vision, and dental insurance, 401(k), paid parental leave, unlimited PTO, leadership training for teammates across all divisions, and the opportunity to work on leading edge products. To learn more about open positions, please visit [https://www.atlismotorvehicles.com/careers](https://www.atlismotorvehicles.com/careers).

###### About Atlis Motor Vehicles

Atlis Motor Vehicles is a vertically integrated EV technology ecosystem company leveraging its intellectual properties and U.S. manufactured battery innovations to support e-Mobility and energy storage solutions.

The Atlis 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 Atlis Motor Vehicles’ seamless subscription-based models. For more information, visit [www.atlismotorvehicles.com](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](info@atlismotorvehicles.com)

###### Source:
[https://www.globenewswire.com/en/news-release/2023/02/07/2603055/0/en/Atlis-Motor-Vehicles-on-Pace-to-Achieve-Exponential-Growth-in-2023-Sets-Goal-to-Double-2022-Headcount-in-Response-to-Growing-Demand.html](https://www.globenewswire.com/en/news-release/2023/02/07/2603055/0/en/Atlis-Motor-Vehicles-on-Pace-to-Achieve-Exponential-Growth-in-2023-Sets-Goal-to-Double-2022-Headcount-in-Response-to-Growing-Demand.html)

[Press Release] AMV on Pace to Achieve Exponential Growth in 2023, Sets Goal to Double 2022 Headcount in Response to Growing Demand

Press Release

 Mesa, Ariz. – Jan 31, 2023 – Atlis Motor Vehicles (Nasdaq: AMV), a vertically integrated electric vehicle technology ecosystem company, and the first battery cell manufacturer to be fully owned and operated in the US, today debuted the design of their AC/DC charge handle and charging cable, capable of delivering up to 1.5MW of power. The Atlis team successfully delivered greater than 1,000 volts and more than 1,200 amps of electric current through the cable while maintaining a temperature below 30 degrees Celsius on the surface with minimal loss of power.
 

 Similar in size to a typical 350 kW CCS, the Atlis cable is designed to be less rigid and more malleable during handling while delivering up to 1.5MW of power. Atlis plans to open this standard to its peers to enable mass adoption in the medium and heavy-duty vehicle and e-mobility charging space.
 

 “Atlis is well on its way to building the infrastructure needed to support the transition of contractors, craftsmen, miners, earth movers, ranchers, and others from ICE to EV,” said Mark Hanchett, Atlis Motor Vehicles’ Founder and CEO. “In order to drive adoption across our intended market segment, building our own cable is the logical path forward. Cables available in the market today simply cannot deliver this amount of energy without being too heavy or overheating. The team developed a cable that maintains temperature, remains cool to the touch while charging, and designed a handle that’s user-friendly and small enough for almost anyone to maneuver. Today’s successful test brings us one step closer to realizing our vision of a 1.5MW charging network.”
 

 Amperage, or the strength of electric current, is a defining factor in determining how quickly a vehicle can charge. Charging times that mirror the time it takes to fill a diesel tank is a key requirement for those seeking to electrify fleet trucks, municipal transportation, heavy equipment, and other commercial vehicles. The Company believes that its cable design is a critical step in successfully implementing a network of 1.5MW charging stations needed to accelerate electrification of the Work industry.
 
###### About Atlis Motor Vehicles
 
Atlis Motor Vehicles is a vertically integrated EV technology ecosystem company leveraging its intellectual properties and U.S. manufactured battery innovations to support e-Mobility and energy storage solutions.
 
The Atlis Ecosystem will consist of superior 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 Atlis Motor Vehicles’ seamless subscription-based models. For more information, visit [www.atlismotorvehicles.com](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.

###### Source:

[ https://www.globenewswire.com/news-release/2023/01/31/2598503/0/en/Atlis-Motor-Vehicles-Debuts-Proprietary-Megawatt-AC-DC-Charge-Handle-and-Cable-Design-Successfully-Delivering-Unprecedented-1-200A-and-1-000V-in-Charge-Tests.html](https://www.globenewswire.com/news-release/2023/01/31/2598503/0/en/Atlis-Motor-Vehicles-Debuts-Proprietary-Megawatt-AC-DC-Charge-Handle-and-Cable-Design-Successfully-Delivering-Unprecedented-1-200A-and-1-000V-in-Charge-Tests.html)


###### Video:
[Click here.](https://youtu.be/VUapfok_6iw)


[Press Release] AMV Debuts Proprietary Megawatt AC/DC Charge Handle and Cable Design, Successfully Delivering Unprecedented 1,200A+ and 1,000V+ in Charge Tests

MESA, Ariz., Jan. 23, 2023 (GLOBE NEWSWIRE) -- Atlis Motor Vehicles (Nasdaq: AMV), a vertically integrated electric vehicle technology ecosystem company, and the first battery manufacturer to be fully owned and operated in the US, today announced a fifteen-fold increase in weekly battery cell output since the start of trial mass production in November 2022, while continuing to make additional improvements to ensure customer demand is met.

Following the intended execution plan outlined as part of their most recent funding in Q4 2022, concerted efforts to scale production have resulted in the ability to manufacture significantly more battery cells per week at its Arizona facility. Atlis has invested in new equipment and technology to increase automation and efficiency, which the Company says will result in further increases in production capability in the coming months.

“I can’t emphasize enough just how important this milestone is for Atlis. Through team growth, efficiency improvements, and calculated investments in manufacturing technology, Atlis has gone from hand-building roughly 30 battery cells per week to manufacturing hundreds of battery cells weekly,” stated Mark Hanchett, Atlis Motor Vehicles’ Founder and CEO. “Unlike foreign owned, tier-one battery manufacturers, Atlis is the only U.S. based company manufacturing battery cells stateside. We’re keeping pace with our intended execution plan and committed to meeting production milestones as we scale manufacturing capabilities in 2023 and work to meet the growing demand for Atlis battery technology.”

To learn more about Atlis battery cells, please visit [https://www.atlismotorvehicles.com/energy-solutions](https://www.atlismotorvehicles.com/energy-solutions).

**About Atlis Motor Vehicles**

Atlis Motor Vehicles is a vertically integrated EV technology ecosystem company leveraging its intellectual properties and U.S. manufactured battery innovations to support electric mobility and energy storage solutions.

The Atlis Ecosystem will consist of superior 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 Atlis Motor Vehicles’ seamless subscription-based models. For more information, visit [www.atlismotorvehicles.com](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.

**Source:** [https://www.globenewswire.com/news-release/2023/01/23/2593233/0/en/Atlis-Motor-Vehicles-Battery-Cell-Output-Increases-15x-as-Production-Ramps-to-Meet-Customer-Demand.html](https://www.globenewswire.com/news-release/2023/01/23/2593233/0/en/Atlis-Motor-Vehicles-Battery-Cell-Output-Increases-15x-as-Production-Ramps-to-Meet-Customer-Demand.html)

[Press Release] AMV Battery Cell Output Increases 15x as Production Ramps to Meet Customer Demand

**MESA, Ariz., Jan. 19, 2023 (GLOBE NEWSWIRE)** -- Atlis Motor Vehicles (Nasdaq: AMV), a vertically integrated electric vehicle technology ecosystem company, and the first battery manufacturer to be fully owned and operated in the US, announced today that Victor Atlasman, Director of Engineering, Charging Ecosystems and Energy Storage Solutions, will present Strategies to Build and Expand Charging Infrastructure at EV Charging Infrastructure Conference and Exhibition 2023 in Long Beach, CA on February 20, 2023.

With more than a decade of experience developing and maintaining EV charging systems and having worked on the first deployment of EVSE’s in the US, Mr. Atlasman will share how Atlis Motor Vehicles intends to develop and deploy Megawatt Charging Systems. In addition to addressing the challenges facing today’s EVSE manufacturers, he will dive into the impact energy storage systems can have on local communities.

“In this space, a majority of players live in a world of catch up – very few are advancing the needle on sustainable technologies,” says Mr. Atlasman. “It's imperative that we focus on the ecosystem of tomorrow rather than focusing efforts on fixing the past. We are entering the world of Energy 2.0.”

For tickets and more information about EV Charging Infrastructure Conference and Exhibition 2023, please visit: [https://evcharginginfrastructureconference.com/](https://evcharginginfrastructureconference.com/)

To learn more about Atlis Energy Storage Solutions, please visit: [https://www.atlismotorvehicles.com/energy-solutions](https://www.atlismotorvehicles.com/energy-solutions).

**About Atlis Motor Vehicles**

Atlis Motor Vehicles (Nasdaq: AMV) is a startup EV ecosystem technology company developing products that will power work and the first battery manufacturer to be fully owned and operated in the US. Building an electric vehicle technology platform for heavy and light duty work trucks used in the agriculture, service, utility, and construction industries, Atlis intends to meet the towing and payload capabilities of legacy diesel-powered vehicles by developing battery technology and a modular system architecture capable of scaling to meet the specific needs of the all-electric work vehicle. For more information, visit [www.atlismotorvehicles.com](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.

**Source:**  [https://www.globenewswire.com/news-release/2023/01/19/2591829/0/en/Atlis-Motor-Vehicles-to-Present-Strategies-to-Build-and-Expand-Charging-Infrastructure.html](https://www.globenewswire.com/news-release/2023/01/19/2591829/0/en/Atlis-Motor-Vehicles-to-Present-Strategies-to-Build-and-Expand-Charging-Infrastructure.html)

[Press Release] AMV to Present Strategies to Build and Expand Charging Infrastructure

MESA, Ariz., Jan. 17, 2023 (GLOBE NEWSWIRE) -- Atlis Motor Vehicles (Nasdaq: AMV), a vertically integrated electric vehicle technology ecosystem company, and the first battery manufacturer to be fully owned and operated in the US, today released the following statement after the Biden-Harris administration issued the first-ever U.S. National Blueprint for Transportation Decarbonization, developed by the US departments of Energy, Transportation, Housing and Urban Development, and the Environmental Protection Agency outlining plans to decarbonize transportation nationwide.

*Mark Hanchett, Atlis Motor Vehicles’ Founder and CEO, said:*

“After reviewing the Blueprint, we believe investments in alternative fuels and hydrogen should be minimized, and more focus should be placed on proven technologies with tremendous growth potential. Additional resources should be concentrated toward funding companies in industries focused on the development of cleaner heavy equipment, especially for those in rural communities across America. The team at [Atlis Motor Vehicles](atlismotorvehicles.com) would be happy to discuss such innovative recommendations with officials, as Atlis is committed to increasing the nation’s energy security, improving public health, and advancing the administration’s clean transportation agenda.”

“The Government plays an important role in fostering environments in which businesses may thrive and develop cutting-edge solutions to push our nation forward in its quest to decarbonize and become energy independent. Hopefully, this blueprint will successfully drive attention and resources towards the advancement of new technology, though I believe this effort should be led from the private sector.”

About Atlis Motor Vehicles

Atlis Motor Vehicles (Nasdaq: AMV) is a startup EV ecosystem technology company developing products that will power work and the first battery manufacturer to be fully owned and operated in the US. Building an electric vehicle technology platform for heavy and light duty work trucks used in the agriculture, service, utility, and construction industries, Atlis intends to meet the towing and payload capabilities of legacy diesel-powered vehicles by developing battery technology and a modular system architecture capable of scaling to meet the specific needs of the all-electric work vehicle. For more information, visit [www.atlismotorvehicles.com](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.

**Source**: [https://www.globenewswire.com/en/news-release/2023/01/17/2590003/0/en/Atlis-Motor-Vehicles-Challenges-Biden-Harris-Admin-s-Blueprint-to-Decarbonize-America-s-Transportation-Sector-More-Support-Needed-for-Those-in-Rural-Communities.html](https://www.globenewswire.com/en/news-release/2023/01/17/2590003/0/en/Atlis-Motor-Vehicles-Challenges-Biden-Harris-Admin-s-Blueprint-to-Decarbonize-America-s-Transportation-Sector-More-Support-Needed-for-Those-in-Rural-Communities.html)

[Press Release] AMV Challenges Biden-Harris Admin's Blueprint to Decarbonize America's Transportation Sector: More Support Needed for Those in Rural Communities

MESA, Ariz., Jan. 11, 2023 (GLOBE NEWSWIRE) -- Atlis Motor Vehicles (Nasdaq: AMV), a vertically integrated electric vehicle technology ecosystem company, and the first battery manufacturer to be fully owned and operated in the US, today announced it has reached a milestone of two gigawatt-hours’ worth of battery capacity demand in the form of non-binding Letters of Intent, Memoranda of Understanding, and Purchase Orders from multiple customers in the automotive, heavy equipment, and solar industries.

This volume of sales interest in Atlis’ battery pack technology speaks to the market’s demand for robust energy solutions and the Company’s development of quick charging infrastructure, which stands to position Atlis as an emergent leader in the energy space.

“Efficiency in packaging and superior heat distribution through advanced immersion liquid cooling make Atlis battery technology a clear solution to the challenges facing customers and partners across a wide range of industries,” stated Mark Hanchett, Atlis Motor Vehicles’ Founder and CEO. “As the first US company to manufacture batteries stateside, we’ve set out to deliver consistent performance, regardless of conditions, and it is clear the market is responding. This strong demand is encouraging; now it’s up to our team to deliver.”

While subject to manufacturing capacity and the parties entering into final binding agreements, Atlis Motor Vehicles continues to demonstrate significant industry interest from automotive OEMs, construction equipment manufacturers, mining companies and more, laying a solid foundation from which the newly public company will continue to build.

To learn more about Atlis Energy Storage Solutions, please visit: [https://www.atlismotorvehicles.com/energy-solutions.](https://www.atlismotorvehicles.com/energy-solutions.)

**About Atlis Motor Vehicles**

Atlis Motor Vehicles (Nasdaq: AMV) is a startup EV ecosystem technology company developing products that will power work. Building an electric vehicle technology platform for heavy and light duty work trucks used in the agriculture, service, utility, and construction industries, Atlis intends to meet the towing and payload capabilities of legacy diesel-powered vehicles by developing battery technology and a modular system architecture capable of scaling to meet the specific needs of the all-electric work vehicle. 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.

Source: [https://www.globenewswire.com/news-release/2023/01/11/2587092/0/en/Atlis-Motor-Vehicles-Reaches-2-Gigawatt-Hours-in-Customer-Demand-for-Batteries.html](https://www.globenewswire.com/news-release/2023/01/11/2587092/0/en/Atlis-Motor-Vehicles-Reaches-2-Gigawatt-Hours-in-Customer-Demand-for-Batteries.html)

[Press Release] Atlis Motor Vehicles Reaches 2 Gigawatt-Hours in Customer Demand for Batteries

Energy

Clean Technica says given the AMV charger could be an everything plug for medium, heavy duty, and shipping/aviation, it does make a lot of sense.

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