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Stock impact report

Phoenix Motor Partners with Cennatic for Commercial EV Battery Solutions [Yahoo! Finance]

Phoenix Motor Inc. (PEV) 
Company Research Source: Yahoo! Finance
solutions provider for medium-duty vehicles, today announced a strategic partnership with Cennatic Power ("Cennatic"), a wholly owned subsidiary of Cenntro Inc. (CENN), to supply advanced battery packs custom-manufactured for Phoenix Motor's range of commercial electric vehicles (EVs). Under the terms of the agreement, Cennatic will develop and produce battery packs specifically designed for Phoenix Motor's heavy-duty transit buses, as well as its medium- and light-duty commercial EVs. "Teaming up with Cennatic allows us to integrate cutting-edge battery technology that supports the superior performance standards our customers expect from Phoenix vehicles," said Denton Peng, CEO of Phoenix Motor. "In addition to strengthening our expanding product line, this strategic alliance, which aims to enhance the efficiency, range, and reliability of our EV offerings, also reinforces our mission to lead the transition towards a more sustainable future in transportation." The heavy-duty tr Show less Read more
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