Nxu nasdaq Nxu Stock Surges Following Tesla Cybertruck Charging Milestone

Nxu (NASDAQ: NXU) Stock Surges Following Tesla Cybertruck Charging Milestone

Nxu (NASDAQ: NXU) stock soared over 25% on Friday after the company achieved the North American Charging Standard charging milestone with Tesla Cybertruck.

Nxu (NXU) has just made headlines in the realm of electric vehicles (EVs) with a groundbreaking announcement: a triumphant charging session involving a Tesla (NASDAQ: TSLA) Cybertruck utilizing its NxuOne™ Charging System.

This milestone event, which occurred on February 26, could be the first instance of a Cybertruck undergoing a charging session at a non-Tesla DC fast charging station, utilizing the North American Charging Standard (NACS).

The collaboration between Nxu and an Arizona-based owner of one of the earliest Cybertrucks facilitated this pivotal demonstration. Throughout the testing process, the NxuOne™ system, renowned for its universal, dual-technology charging capabilities tailored for public use, seamlessly accommodated the Cybertruck across multiple charging sessions.

Mark Hanchett, the Founder, Chairman, and CEO of Nxu, expressed his profound enthusiasm regarding this milestone achievement. He views it as a tangible representation of Nxu’s unwavering dedication to propelling EV technology while providing efficient and innovative charging solutions. This development carries significant weight as, up until this point, Tesla Superchargers stood as the sole public charging network available to Cybertruck owners.

Nxu (NASDAQ: NXU) Stock Reaction

NXU stock jumped 25.13% to close at $1 on Friday. The traders had exchanged hands with 56,147,344 (56.14 million) shares compared to the average daily trading volume of 1.60 million.