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Stock impact report

Phoenix Motor Starts Production of Fourth Generation Medium-Duty EVs [Yahoo! Finance]

Phoenix Motor Inc. (PEV) 
Company Research Source: Yahoo! Finance
solutions provider for medium-duty vehicles, announced the production launch of its first fourth-generation drivetrain for Class-4 shuttle buses & trucks. The first two units will be delivered to customers in New Jersey. Phoenix is one of the earliest electric commercial vehicle manufacturers in the US, with over 150 fleet customers using its zero emission shuttle buses and trucks. Phoenix launched its first electric drivetrain in 2009 and sold its first Class4 EV in 2014. The fourth generation electric drivesystem is designed to improve efficiency, incorporating a 650V architecture, and improves safety with battery packs located within the chassis frame-rails. The new drivetrain also offers improved charging speeds, with 20% to 80% SOC gained in 20 min with a 150kW DC charger. The new electric drivetrain system will be integrated with Class-4 cutaway chassis to offer shuttle buses, Type-A school buses, work trucks, box trucks and delivery vans. Production ramp-up for the fourth-g Show less Read more
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