Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Nxu Inc. achieves 327kW EV charging rate

EditorRachael Rajan
Published 05/03/2024, 12:46
Updated 05/03/2024, 12:46
© Reuters.

MESA, Ariz. - Nxu, Inc. (NASDAQ: NXU), a U.S.-based technology firm known for its electric vehicle (EV) charging and energy storage solutions, has announced a significant development in EV charging technology.

The company claims to have reached a 327kW charging rate with the Tesla (NASDAQ:TSLA) Cybertruck using its proprietary NxuOne™ Charging System. This rate surpasses the previous known high of 253kW achieved by a Tesla Supercharger, as reported by Out of Spec Reviews.

Nxu's recent tests involved multiple Tesla Cybertrucks and aimed to maximize the potential of the vehicle's 800V architecture. Mark Hanchett, the CEO of Nxu, stated that the achievement represents a step forward in the company's goal to enhance the EV charging ecosystem with fast and reliable solutions for a range of electric vehicles.

Nxu, Inc. positions itself as a pioneer in high-speed EV charging, developing a universal, dual-technology charging system suitable for public use. The company's efforts are part of a broader strategy to create a comprehensive energy storage and charging infrastructure, supported by over-air cloud management and subscription-based models.

The NxuOne™ Charging System's performance has been demonstrated in real-world scenarios at Nxu's charging location in Mesa, Arizona. The company intends to continue testing the system on other vehicles with 800V architecture to further validate its capabilities.

The information in this article is based on a press release statement.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.