Phoenix Motorcars To Exhibit New Gen 4 Electric Drive System At Annual ACT Expo 2023
Phoenix Motor Inc. (the “Company” or “Phoenix”) (Nasdaq: PEV), a
leader in manufacturing of all-electric, medium-duty vehicles, will
be exhibiting its new Gen 4 medium-duty electric drive system for
fleet service at the Advanced Clean Transportation (ACT) Expo at
the Anaheim Convention Center, next Monday through Thursday, May
1-4 at booth #5364.
The Phoenix engineering team refined the new chassis layout to
optimize space for the newly designed battery packs that are
fastened towards the front and rear of the frame rails. The new Gen
4 design increases ground clearance, making it more favorable for
fleets and depot hubs where various road conditions can be an
Phoenix’s Gen 4 vehicles will initially be equipped with a
90-kWh battery pack offering up to 150-mile range and can be fully
charged in one to two hours with a 100-kW Level III charger. These
new vehicles are expected to reduce atmospheric emissions by ~61
tons per vehicle annually, reduce maintenance costs by 75% and
lower fuel costs by 80%, all compared to their equivalent internal
combustion engine vehicles. Charging options are also available
including V2G (vehicle to grid) and wireless charging.
Phoenix Motorcars will also be unveiling and performing live
demonstrations of its new Phoenix Exchange battery swap station at
a special event at its corporate headquarters in Anaheim on
Wednesday, May 3rd following the ACT Expo at 5:30 pm. This new
battery swap station has the ability to swap a 90-kWh battery
system in under one minute, providing “unlimited mile range” for
active fleets and last mile delivery service providers. Please
contact us at the email addresses below to learn more about the
event on May 3rd.
“Phoenix Motorcars is thrilled to be showcasing its new Gen 4
vehicle at the ACT Expo and inviting interested parties that want
to see and learn more about its new battery swap station offering
to a special event at our headquarters,” commented Dr. Lance Zhou,
CEO of Phoenix Motorcars.
The Phoenix management team will be present at the ACT Expo for
meetings, Q&A and information sessions.
About Phoenix Motor Inc.
Phoenix Motor Inc., a pioneer in the electric vehicle (“EV”)
industry, designs, builds, and integrates electric drive systems
and light and medium duty EVs and sells electric forklifts and
electric vehicle chargers for the commercial and residential
markets. Phoenix operates two primary brands, “Phoenix Motorcars,”
which is focused on commercial products including medium duty EVs
(shuttle buses, school buses, municipal transit vehicles and
delivery trucks, among others), electric vehicle chargers and
electric forklifts, and “EdisonFuture,” which intends to offer
light-duty EVs. Phoenix endeavors to be a leading designer,
developer and manufacturer of electric vehicles and electric
vehicle technologies. For more information, please visit:
This press release contains forward-looking statements, as that
term is defined in the Private Litigation Reform Act of 1995, that
involve significant risks and uncertainties. Forward-looking
statements can be identified through the use of words such as
“may," "might," "will," "intend," "should," "could," "can,"
"would," "continue," "expect," "believe," "anticipate," "estimate,"
"predict," "outlook," "potential," "plan," "seek," and similar
expressions and variations or the negatives of these terms or other
comparable terminology. Readers are cautioned not to place undue
reliance on these forward-looking statements, which reflect the
Company's current expectations and speak only as of the date of
this release. Actual results may differ materially from the
Company's current expectations depending upon a number of factors.
These factors include, among others, the coronavirus (COVID-19) and
the effects of the outbreak and actions taken in connection
therewith, adverse changes in general economic and market
conditions, competitive factors including but not limited to
pricing pressures and new product introductions, uncertainty of
customer acceptance of new product offerings and market changes,
risks associated with managing the growth of the business, and
those other risks and uncertainties that are described in the "Risk
Factors" section of the Company's annual report filed on Form 20-F
filed with the Securities and Exchange Commission. Except as
required by law, the Company does not undertake any responsibility
to revise or update any forward-looking statements.
version on businesswire.com: https://www.businesswire.com/news/home/20230428005066/en/
Media Contact: Dave Davis, Marketing Manager
Investor Relations Contacts: Mark Hastings, Senior Vice
President & Head of Investor Relations Sioban Hickie, ICR Inc.
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