PEV - Mergers and acquisitions

ANAHEIM, CA / ACCESSWIRE / February 14, 2024 / Phoenix Motor Inc. (NASDAQ:PEV) (the "Company" or "Phoenix"), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, announced today its recent delivery of an all-electric, zero-emission Z400 shuttle bus to the City of Grand Terrace. The electric service truck is built on a Ford E-450 chassis powered by Phoenix Motorcars and will serve the city and their community. This electric vehicle was funded in part by the San Joaquin Valley Air Pollution Control District's VW Program aimed at helping mitigate pollution by scrapping older gas and diesel shuttle buses throughout California.Simulta

ANAHEIM, CA / ACCESSWIRE / February 7, 2024 / Phoenix Motor Inc. (NASDAQ:PEV) ("Company" or "Phoenix"), a leading electrification solutions provider for medium-duty vehicles, today announced that it has completed the acquisition of the Battery Lease portfolio for $6.5 million from Proterra Inc. and Proterra Operating Company, Inc. (collectively "Proterra"), a leading innovator in commercial vehicle electrification technology. In January 2024, Phoenix received the requisite approval from the U.S. bankruptcy court. This transformative acquisition added heavy-duty transit buses to Phoenix's legacy product line of medium-duty shuttle and school buses. The completion of the last component of the

Acquisition Adds Full-size All-electric Transit Buses to the Company's Existing Medium-duty OfferingANAHEIM, CA / ACCESSWIRE / January 12, 2024 / Phoenix Motor Inc. (NASDAQ:PEV) ("Company" or "Phoenix"), a leading electrification solutions provider for medium-duty vehicles, today announced that it has completed the acquisition of the Proterra Transit business line ("Proterra Transit") from Proterra Inc. and Proterra Operating Company, Inc. (collectively "Proterra"), a leading innovator in commercial vehicle electrification technology. Earlier this week, Phoenix received the requisite approval from the U.S. bankruptcy court. This transformative acquisition will add heavy-duty transit buses to

Accelerates design and development of hydrogen fuel cells for use in Phoenix vehicle and equipment lines Phoenix Motor Inc. (NASDAQ:PEV) ("Company" or "Phoenix"), a leader in manufacturing of all-electric, medium-duty vehicles, announced the acquisition of hydrogen fuel cell manufacturing assets, including an automated, robotic fuel cell assembly line, from Altergy Systems ("Altergy"). Phoenix will utilize the manufacturing facility to design and produce hydrogen fuel cells to power forklifts, hybrid buses, vans and trucks, and long-range, heavy-duty trucks. Phoenix Motorcars CEO, Dr. Lance Zhou commented, "We are excited to further expand our operations with our entrance into the rapidly