Atlis Motor Vehicles pops as it agrees to sell 270 EV charging stations

NXU

11/10/2022 14:34

** Shares of electric vehicle startup Atlis Motor Vehicles
 AMV.O  rise 24.7% to $26.40
    ** AMV announces an expanded order from Australia-based
AUSEV for 270 of co's 1.5 MW charging stations to support
AUSEV's original order of 19,000 XT electric pickup trucks
 urn:newsml:reuters.com:*:nGNXB93mH
    ** AMV says the cos intend to explore the potential for
local battery cell production in Australia
    ** AMV went public on Sept. 27 at issue price of $27.50 and
gained nearly 200% on the opening day
    ** Up to last close, stock had fallen ~23% since it went
public
 (Reporting by Akash Sriram in Bengaluru)
 ((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))