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Stock impact report

ATIF Holdings Announces Investment in Phoenix Motor Inc. IPO

ATIF Holdings Limited - Ordinary Shares (ATIF) 
Company Research Source: PR Newswire
IRVINE, Calif., June 22, 2022 /PRNewswire/ -- ATIF Holdings Limited (Nasdaq: ATIF) (the "Company," "ATIF" or "We"), a holding company providing business and financial consulting services in Asia and North America, is pleased to announce that it has deepened its investments in emerging technology companies with an investment in Phoenix Motor Inc. (Nasdaq: PEV) an electric drive system and vehicle maker.Founded in 2003, Phoenix Motor designs, assembles, and integrates electric drive systems and electric vehicles (EVs), and markets and sells EV chargers for the commercial and residential markets. Phoenix Motors converts light- and medium-duty commercial vehicles into EVs for various service and government fleet markets and serves a broad spectrum of commercial fleet customers. Phoenix delivered its first commercial EV in 2014 and as of December 31, 2021, it has delivered a total of 104 EVs, consisting of 91 shuttle buses and 13 work and delivery trucks. It is currently in production of i Show less Read more
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