Nxu Provides Business Update Following 2023 Fiscal Year End
Nxu, Inc. - Class A (NXU)
Company Research
Source: GlobeNewswire
MESA, Ariz., Feb. 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 for the infrastructure we need to power our electrified future, achieved several important milestones in Q4 2023, continuing the innovation that advances its vision of making electric mobility viable: Revenue and Product Production: The Company generated quarter-over-quarter revenue growth in Q4 2023, the second consecutive quarter of revenue. 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. The Company also manufactured its first EV charging production unit for commercial use.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 $
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NXU
News
- NxuOne™ Expands Subscription Charging Model [Yahoo! Finance]Yahoo! Finance
- NxuOne™ Expands Subscription Charging ModelGlobeNewswire
- Nxu, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
- Nxu, Inc. Announces Fourth Quarter and Full Year 2023 Financial ResultsGlobeNewswire
- NxuOne™ Charging Elevates Customer Experience with Nxu Mobile App [Yahoo! Finance]Yahoo! Finance
NXU
Sec Filings
- 5/1/24 - Form 10-K/A
- 4/22/24 - Form PRE
- 4/19/24 - Form 4
- NXU's page on the SEC website