Atlis Motor Vehicles Inc (AMV)

[Charlie V]

April 19, 2023

Dear Valued Stockholders:

Announced earlier this week, Atlis is rebranding as Nxu, Inc., a name that more closely aligns with our company’s focus of building energy solutions that enable a faster transition to an electric future.

The rebranding is part of our proposed corporate reorganization to a holding company structure that we are asking our stockholders to approve, whereby Atlis will become an operating subsidiary of Nxu. In addition to the new name, we will be governed by the new charter and corporate bylaws of Nxu in connection with the corporate reorganization. We are also asking our stockholders to approve a new equity compensation plan.

The original charter and bylaws were set up when Atlis Motor Vehicles was a smaller, privately held company. The new charter and bylaws will position Nxu, Inc. to move forward as a modern public company positioned for growth.

https://www.sec.gov/Archives/edgar/data/1722969/000121465923005679/ex99_1.htm