Nxu Announces Third NxuOne™ EV Charging Solutions Location Within NEVI Corridor
December 20 2023 - 6:30AM
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, is under contract to purchase a parcel of land
in Barstow, Calif., a key location in California’s NEVI corridor 7.
Barstow, situated where Interstate 15 and Interstate 40 intersect,
is perfectly located in a major highway corridor, making it ideal
for Nxu’s pursuit of electrifying high-demand highway routes with
reliable and consistent charging solutions.
National Electric Vehicle Infrastructure (NEVI) corridor 7 is
one of the six corridor groups included in round 1 of the
California Energy Commission’s NEVI Formula Program, which has
announced the availability of up to $40,500,000 in grant funds for
projects that will strategically deploy high-powered,
direct-current fast charger electric vehicle charging
infrastructure.
“As EV adoption grows, infrastructure needs to catch up. While
we’ve been working tirelessly to fulfill the necessity for
high-quality EV infrastructure, we’re thankful our goals are
aligned with NEVI,” said Nxu Founder, Chairman and CEO Mark
Hanchett. “We continue to deepen our relationships with CalTrans
and the California Energy Commission, as we continue to secure
sites in California. We look forward to the exciting work ahead,
electrifying the highways increasingly trafficked with EVs every
day.”
NxuOne™ EV Charging Solutions enable powerful, standard-agnostic
charging, giving all EV users exactly the power they need, when
they need it. EV drivers can expect a consistent, reliable charging
experience with NxuOne™ EV Charging Solutions. Nxu previously
announced Quartzsite, Ariz. as its first highway charging location
and anticipates breaking ground in 2024. Additional California
sites under contract include Tehachapi and North Edwards.
Businesses interested in securing their own NxuOne™ EV Charging
Solutions, whether to power their own EV fleets or to contribute to
the much-needed EV charging infrastructure more and more consumers
are demanding every day, can learn more at:
https://nxuenergy.com/charging-station-sales
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.
Forward-Looking Statements 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.
CONTACT: Media
ContactPress@nxuenergy.com
Investor
Contact Investors@nxuenergy.com
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