Phoenix Motorcars from SPI launches lithium-ion electric forklifts with a long service life

The sale now starts with the delivery from Q4 2021

ANAHEIM, CA / ACCESSWIRE / September 21, 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 corporate, home, government, logistics and utility customers, announced today that its wholly owned subsidiary Phoenix Motorcars (“Phoenix Motorcars”) is launching its new line of Phoenix Motorcars brand electric forklifts.

The new electric forklifts from Phoenix Motorcars use advanced lithium-ion batteries and offer improved efficiency over traditional battery-powered forklifts, which require regular battery changes during normal operation. Phoenix Motorcars lithium-ion batteries offer long life and remain highly reliable throughout the life of the battery, with improved cold weather performance, reduced maintenance costs, and total cost of ownership estimated at less than 50% of currently available products.

“We continue to see strong government support in California and beyond with incentives to replace obsolete forklifts with new, safe, environmentally friendly products,” commented Xiaofeng Denton Peng, Chairman & CEO of SPI Energy. “We are now taking both sales and leasing orders for our new branded electric forklifts and expect deliveries to begin in the fourth quarter of this year.”

Phoenix Motorcars electric forklifts are warranted for up to 10 years or 20,000 hours and are currently available in 2,500 kg (5,500 LBS) and 2,000 kg (4,400 LBS) configurations.

According to a 2021 report by Global Industry Analysts, a leading market research firm, the global forklift market is projected to reach $ 19.1 billion by 2026.

About Phoenix Motorcars

Phoenix Motorcars is a leader in developing medium-duty electric vehicles for commercial markets with a focus on Class 3 and 4 vehicles and charging solutions for electric 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. Phoenix Motorcars offers a range of vehicle configurations including shuttle buses, commercial vehicles, service trucks, flatbed trucks, walk-in vans, trucks and school buses, as well as a full range of charging solutions for residential and commercial electric vehicles. Further information is available at

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About SPI Energy Co., Ltd.

SPI Energy Co., Ltd. (NASDAQ: SPI) is a global renewable energy company and provider of solar storage and electric vehicle (EV) solutions founded in 2006 in Roseville, California and headquartered in Santa Clara, California.

The company has three core divisions: SolarJuice for private customers, the Commercial & Utility Solar Division consisting of SPI Solar and Orange Power and the EdisonFfuture / Phoenix Motorcars EV Division. SolarJuice is the leading provider of system solutions for renewable energy for residential and small commercial markets and has extensive activities in the Asia-Pacific and North American markets. The Commercial & Utility Solar division provides a full range of EPC services to third party project developers and develops, owns and operates solar projects that sell electricity to the grid in several countries including the US, UK and Europe. Phoenix Motorcars is a leader in medium-duty commercial electric vehicles, developing EV charging solutions, electric pickups, electric scooters and other EV products.

SPI has global operations in North America, Australia, Asia and Europe and is also targeting strategic investment opportunities in fast growing green industries such as battery storage, charging stations and other electric vehicles that leverage the company’s expertise and substantial solar cash flow.

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 under the Investor Relations section of or are .

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of 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”, “could”, “will”, “intend”, “should”, “could”, “may”, “would”, “further”. “Expect”, “believe”, “anticipate”, “estimate”, “predict”, “look out”, “potentially”, “plan”, “seek” and similar expressions and variations or the negatives of these terms or other comparable terminology. Readers 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, and uncertainty in customer acceptance of new product offerings and market changes, risks related to managing business growth, and other risks and uncertainties described in the “Risk Factors” section of the company’s annual report on Form 20-F with the Securities and Exchange Commission. Unless required by law, the company assumes no responsibility to revise or update forward-looking statements.

SPI Energy Co., Ltd. Contact:

IR department
[email protected]
Randy Conone, Senior Vice President of Investor Relations & Finance
[email protected]

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

SOURCE: SPI Energy Co., Ltd.

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