Hanchett notes the company plans to produce only about 150 trucks in 2022 but expects that to quickly ramp up to 75,000 annually by 2026.Īt the same time, the initial market for the AMV battery will be centered on small, last-mile businesses, what Hanchett terms, “the non-sexy, other side of the market, potentially relatively large that nobody's chasing.” Its XT trucks are basically pickups that can handle bigger jobs so its initial target market will be what Hanchett terms class two, class 3 customers such as utility and cable TV companies, “not the Ford F-150 crowd,” at least initially. “If you don't own that core critical piece of this whole puzzle you're going to face challenges on the supply chain side in competition, in material shortages and interest.”Īs a small startup, commercialization goals are similarly modest. “When you think about electrification and you think about the future the foundation of that is going to be batteries and cells,” Hanchett said. It's also a hedge against supply chain disruptions, much as the auto industry is seeing from the current global semiconductor shortage. For one, battery production is likely to be a lucrative revenue source as the world mobility moves towards electrification. Hanchett explained the reasoning is twofold. Atlis XT electric work truck Atlis MotorsĬommercialization of the cells, however, will take a temporary backseat to producing all that are needed to power the Atlis XT electric work trucks that are set to debut in late 2022.
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