Atlis Motor Vehicles (AMV) Says it is on Pace to Achieve Exponential Growth in 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 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.

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