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Stock impact report

Phoenix & InductEV Form Long-Term Partnership for Wireless Vehicle Charging [Yahoo! Finance]

Phoenix Motor Inc. (PEV) 
Company Research Source: Yahoo! Finance
buses and electrification solutions provider for medium-duty vehicles, today announced an Integration Agreement with InductEV, a pioneer in wireless vehicle charging technology. InductEV's solution allows EV fleets to achieve their decarbonization goals with hands-free on-route (opportunistic) charging, while reducing costs. The new partnership will develop software, hardware and cooling and electrical systems integration of InductEV's wireless charging pads with Phoenix's zero-emission drive systems. This strategic partnership will provide Phoenix's customers with the option to select wireless inductive charging for use in duty cycles and recurring routes. Phoenix's CEO Denton Peng commented, "Wireless charging is well-suited for fixed route applications such as airports, seaports, hotels, and municipal and school bus markets. InductEV's modular platform and small footprint allows Phoenix to successfully adopt InductEV's technology on our medium-duty vehicles and offer our custom Show less Read more
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