Phoenix Motorcars from SPI is using the second unique electric service car from the City of Woodland in the City of Woodland to support its sustainability goals

SANTA CLARA, CA / ACCESSWIRE / April 19, 2021 / SPI Energy Co., Ltd. (“SPI Energy” or the “Company”) (NASDAQ: SPI), a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions to business, residential, government, logistics, utility and investors announced today that their wholly owned subsidiary Phoenix Motorcars has delivered its second electric service vehicle to the Californian city of Woodland. These trucks are the first fully electric medium-duty commercial vehicles of their kind to be built and used in industry. The first vehicle was delivered earlier this year.

The City of Woodland will add these vehicles to their city maintenance fleet. The fully electric trucks are used across the city to maintain the supply infrastructure of the city of Woodland. Phoenix Motorcars’ Z500 trucks are the first step in Woodland’s efforts to clean air with zero-emission vehicles and will be the first zero-emission trucks to be used in the city’s fleet.

The city’s climate protection plan outlines a response to a significant reduction in greenhouse gas emissions by 2035, with 31% of these initiatives targeting transport and land use. Together, these two trucks are expected to reduce CO2 emissions by 120 tons and save the city running costs.

“We are proud to play a role in Woodland City’s sustainability goals,” said Xiaofeng Peng, Chairman and CEO of SPI Energy. “The electrification of fleet operators offers a tremendous market opportunity and Phoenix Motorcars continues to demonstrate its ability to meet growing demand with innovative solutions and provide public and private customers with full support for their EV initiatives.”

The ZEUS 500 Electric Service Truck is based on the Ford E-450 chassis with a Knapheide body, is equipped with customer-specific configurations for the city and offers a range of up to 110 miles from its 105 kWh lithium-ion battery. The trucks are suitable for both Level 2 and Level 3 charging and have advanced telematics solutions to meet the needs of the city.

The story goes on

Phoenix Motorcars and the City of Woodland secured funding for the vehicle through Sacramento Emergency Clean Air Transportation (SECAT) funding from the Sacramento Metropolitan Air Quality Management District (SMAQMD). Funding for vehicles and infrastructure was coordinated between Phoenix Motorcars and City of Woodland, using local AQMD and utility funding programs.

About Phoenix Motorcars

Phoenix Motorcars is a leader in the development of medium-duty electric vehicles for commercial markets with a focus on Class 3 and 4 vehicles. Phoenix Motorcars is committed to providing fleets with clean transportation and renewable energy through advanced technology solutions and continues to be committed to excellence in electric vehicle innovation a. Phoenix Motorcars offers a range of vehicle configurations including shuttle buses, utility vehicles, service trucks, pickup trucks, walk-in vans, trucks and school buses.

Further information is available at www.phoenixmotorcars.com

About SPI Energy

SPI Energy Co., Ltd. (SPI) is a global renewable energy company and provider of solar storage and electric vehicle solutions to businesses, private, government, logistics and utility customers, and investors. Providing a full range of EPC services to third party project developers, the company develops, owns and operates solar projects that sell electricity to the grid in several countries including the US, UK, Greece, Japan and Italy. The company is headquartered in Santa Clara, California, and has global offices in Asia, Europe, North America and Australia. SPI is also targeting strategic investment opportunities in environmentally friendly industries such as battery storage and charging stations, leveraging the company’s expertise and growing base of cash flow from solar projects, and funding the development of projects in agriculture and other markets with significant growth potential.

For more information about SPI Energy and its subsidiaries, the company encourages shareholders, investors and other interested parties to read the company’s public filings and press releases available in the Investor Relations section at www.SPIgroups.com or at www.sec.gov .

Forward-Looking Statements

This press release contains forward-looking statements as defined in the Private Litigation Reform Act of 1995 that involve significant risks and uncertainties. Forward-looking statements may be identified by the use of words such as “may”, “power”, “will”, “intention”, “should”, “could”, “may”, “dignity”, “continue”, “continue” . Expect, “believe,” “anticipate,” “estimate,” “predict,” “prospect,” “potential,” “plan,” “seek” and similar expressions and variations or the negatives of these terms or other comparable terms readers will You are cautioned not to place undue reliance on these forward-looking statements, which reflect the company’s current expectations and speak only as of the date of this publication. Actual results could differ materially from the company’s current expectations based on a number of factors. These factors include, but are not limited to, the Coronavirus (COVID-19) and the impact of the outbreak and related actions, adverse changes in general economic and market conditions, competitive factors including, but not limited to, pricing pressures and new product launches. Uncertainty in customer acceptance of new products t offers and market changes, risks associated with managing business growth, and the other risks and uncertainties described in the “Risk Factors” section of the company’s annual report, which is filed on Form 20 filed with the Securities and Exchange Commission -F was submitted. Unless required by law, the company assumes no responsibility for revising or updating forward-looking statements.

SPI Energy Co., Ltd.

Contact:

IR department
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Dave Gentry
RedChipCompanies, Inc.
Phone: (407) 491-4498
[email protected]

SOURCE: SPI Energy Co., Ltd.

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