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Phoenix Motor Inc V.PEV


Primary Symbol: PEV

Phoenix Motor Inc., doing business as Phoenix Motorcars, is an electrification solutions provider for the commercial vehicle industry as well as other industries. The Company operates through its wholly owned subsidiaries, Phoenix Cars LLC, Phoenix Motorcars Leasing LLC, and EdisonFuture Motor, Inc. It designs, develops, manufactures, assembles, and integrates electric drive systems and light and medium duty electric vehicles (EVs). It operates two primary brands, Phoenix Motorcars, which is focused on commercial products including medium duty electric vehicles, chargers and electric forklifts, and EdisonFuture which intends to offer light-duty electric vehicles. It sells its products both fully integrated into complete vehicles and in kit form to other business partners for integration into complete vehicles. The Company is engaged in the production of its third generation (Gen 3) drivetrain (E-300), offering up to 160 miles in range.


NDAQ:PEV - Post by User

Comment by Supercharger1on Mar 03, 2011 7:34am
246 Views
Post# 18223892

RE: Took some off the table

RE: Took some off the tableThought about doing the same, but decided not to.
I have a much better feeling about this one than previous venture companies which I have invested in.
Agree with you that this one's been volatile at times for no apparent reason, but the momentum seems to be picking up in a more concrete fashion, and also seems to be based on fact and not speculation.
I am witnessing heavy advertising by Duracell for the Wildcharge product, iGO is a strong distributor with international coverage, and the latest release with Apple I-Phone compatibility is great news.
Apparently the company closed the private placement which should give them the working capital to execute on orders in backlog.
I'm holding, because they're onto something, and the majors would be really foolish to let them get too big and become a major threat to the traditional battery business.
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