PhoenixEV To Electrify Campus Buses at University of California San Diego
PhoenixEV, a division of Phoenix Motor Inc. (Nasdaq:PEV), has announced a project to deliver four all-electric transit buses to the University of California San Diego by early 2025. These 35-foot buses will help decarbonize last-mile transportation on campus, reducing particulate emissions and supporting the university's sustainability goals. The addition will bring UC San Diego's electric fleet to 20 percent.
CEO Denton Peng highlighted that this marks the third University of California campus to deploy PhoenixEV's zero-emission shuttles and transit buses. The project aligns with UC San Diego's commitment to decarbonization by 2045.
Phoenix Motor, operating under the brands PhoenixEV and EdisonFuture, specializes in designing, building, and integrating electric drive systems, as well as manufacturing heavy-duty transit buses and commercial EVs.
PhoenixEV, una divisione di Phoenix Motor Inc. (Nasdaq:PEV), ha annunciato un progetto per consegnare quattro autobus di transito completamente elettrici all'Università della California San Diego entro all'inizio del 2025. Questi autobus di 35 piedi contribuiranno a decarbonizzare il trasporto dell'ultimo miglio nel campus, riducendo le emissioni di particolato e supportando gli obiettivi di sostenibilità dell'università. L'aggiunta porterà la flotta elettrica della UC San Diego al 20 percento.
Il CEO Denton Peng ha sottolineato che questo segna il terzo campus dell'Università della California a implementare gli shuttle e gli autobus di transito a zero emissioni di PhoenixEV. Il progetto è in linea con l'impegno della UC San Diego per la decarbonizzazione entro il 2045.
Phoenix Motor, operando con i marchi PhoenixEV ed EdisonFuture, è specializzata nella progettazione, costruzione e integrazione di sistemi di trasmissione elettrica, oltre alla produzione di autobus di transito pesanti e veicoli commerciali elettrici.
PhoenixEV, una división de Phoenix Motor Inc. (Nasdaq:PEV), ha anunciado un proyecto para entregar cuatro autobuses de tránsito totalmente eléctricos a la Universidad de California San Diego para . Estos autobuses de 35 pies ayudarán a descarbonizar el transporte de última milla en el campus, reduciendo las emisiones de partículas y apoyando los objetivos de sostenibilidad de la universidad. Con esta adición, la flota eléctrica de la UC San Diego alcanzará el 20 por ciento.
El CEO Denton Peng destacó que este es el tercer campus de la Universidad de California en implementar los autobuses y vehículos de enlace de emisiones cero de PhoenixEV. El proyecto se alinea con el compromiso de la UC San Diego de descarbonización para 2045.
Phoenix Motor, operando bajo las marcas PhoenixEV y EdisonFuture, se especializa en el diseño, construcción e integración de sistemas de transmisión eléctrica, así como en la fabricación de autobuses de tránsito pesados y vehículos comerciales eléctricos.
PhoenixEV는 Phoenix Motor Inc.의 한 부서로 (Nasdaq:PEV), 4대의 전기 시내버스를 캘리포니아 대학교 샌디에이고에 2025년 초까지 제공할 계획을 발표했습니다. 이 35피트 버스는 캠퍼스 내 마지막 이동 수단의 탄소 배출을 줄여주며, 대학의 지속 가능성 목표를 지원하는 데 도움을 줄 것입니다. 이 추가로 UC 샌디에이고의 전기차 플릿은 20%에 이를 것입니다.
CEO 덴튼 펭은 이번이 캘리포니아 대학교 캠퍼스 중 세 번째로 PhoenixEV의 무배출 셔틀 및 시내버스를 도입하는 것이라고 강조했습니다. 이 프로젝트는 UC 샌디에이고가 2045년까지 탈탄소화를 달성하겠다는 약속과 일치합니다.
Phoenix Motor는 PhoenixEV 및 EdisonFuture 브랜드 하에 전기 추진 시스템 설계, 제작 및 통합을 전문으로 하며, 또한 중량급 전기 시내버스 및 상업용 전기차를 제조합니다.
PhoenixEV, une division de Phoenix Motor Inc. (Nasdaq:PEV), a annoncé un projet pour fournir quatre bus de transit entièrement électrique à l'Université de Californie San Diego d'ici début 2025. Ces bus de 35 pieds contribueront à décarboniser le transport de dernier kilomètre sur le campus, réduisant les émissions de particules et soutenant les objectifs de durabilité de l'université. Cet ajout portera la flotte électrique de l'UC San Diego à 20 pour cent.
Le PDG Denton Peng a souligné que cela marque le troisième campus de l'Université de Californie à déployer les navettes et les bus de transit à zéro émission de PhoenixEV. Le projet s'aligne avec l'engagement de l'UC San Diego pour la décarbonisation d'ici 2045.
Phoenix Motor, opérant sous les marques PhoenixEV et EdisonFuture, est spécialisée dans la conception, la construction et l'intégration de systèmes de propulsion électrique, ainsi que dans la fabrication de bus de transit lourds et de véhicules électriques commerciaux.
PhoenixEV, eine Abteilung von Phoenix Motor Inc. (Nasdaq:PEV), hat ein Projekt zur Lieferung von vier vollelektrischen Stadtbussen an die Universität von Kalifornien San Diego bis Anfang 2025 angekündigt. Diese 35 Fuß langen Busse werden dazu beitragen, den letzten Teil der Verkehrswege auf dem Campus zu dekarbonisieren, die Partikelemissionen zu reduzieren und die Nachhaltigkeitsziele der Universität zu unterstützen. Die Ergänzung wird die elektrische Flotte der UC San Diego auf 20 Prozent bringen.
CEO Denton Peng betonte, dass dies der dritte Campus der Universität von Kalifornien ist, der die emissionsfreien Shuttle und Stadtbusse von PhoenixEV einsetzt. Das Projekt steht im Einklang mit dem Engagement der UC San Diego für Dekarbonisierung bis 2045.
Phoenix Motor, das unter den Marken PhoenixEV und EdisonFuture tätig ist, ist auf die Planung, den Bau und die Integration von elektrischen Antriebssystemen sowie auf die Herstellung von schweren Stadtbussen und gewerblichen Elektrofahrzeugen spezialisiert.
- Secured contract for four electric buses with UC San Diego
- Expanding presence in the University of California system
- Contributing to UC San Diego's sustainability goals
- Diversified product line including heavy-duty transit buses and commercial EVs
- None.
Insights
PhoenixEV's contract with UC San Diego for four electric transit buses is a positive development, albeit with immediate financial impact given the company's
The project aligns with increasing demand for sustainable transportation solutions in educational institutions. While the financial terms weren't disclosed, such contracts typically contribute to steady revenue streams and could lead to follow-on orders if the buses perform well. The early 2025 delivery timeline indicates near-term revenue recognition.
Investors should note that while this contract is encouraging, PhoenixEV needs to secure larger or more numerous orders to significantly impact its financial position. The company's ability to execute on this project and leverage it for future growth will be important for long-term success in the competitive EV market.
GREENVILLE, SC / ACCESSWIRE / October 16, 2024 / Phoenix Motor Inc.'s (Nasdaq:PEV) PhoenixEV, a leader in electric vehicle (EV) development for the commercial sector, today announced its work on four all-electric transit buses for the University of California San Diego, to be delivered in early 2025.
The 35-foot electric buses from PhoenixEV will be deployed to decarbonize the last mile transportation, reducing particulate emissions on campus and in the neighborhoods around the university. The new buses, which will bring the university fleet to 20 percent electric, will also support campus sustainability goals. UC San Diego has committed to decarbonization by 2045.
"UC San Diego is a leader in sustainability, and we are happy to help them achieve their decarbonization goal," says Denton Peng CEO of PhoenixEV. "This project will mark the third University of California campus to deploy our zero-emission shuttles and transit buses."
About PhoenixEV
Phoenix Motor, a pioneer in the electric vehicle ("EV") industry, specializes in designing, building, and integrating electric drive systems, along with manufacturing heavy-duty transit buses and medium- to light-duty commercial EVs. The company operates under two primary brands: "PhoenixEV," focusing on commercial products such as heavy and medium-duty EVs (including transit buses, shuttle buses, school buses, and delivery trucks), and "EdisonFuture," aimed at offering light-duty EVs. Phoenix is committed to being a leading designer, developer, and manufacturer of electric vehicles and EV technologies. To learn more, please visit www.phoenixev.ai.
Forward-Looking Statements
This press release contains forward-looking statements, as that term is defined in the Private Litigation Reform Act of 1995, that involve significant risks and uncertainties. Forward-looking statements can be identified through the use of words such as "may," "might," "will," "intend," "should," "could," "can," "would," "continue," "expect," "believe," "anticipate," "estimate," "predict," "outlook," "potential," "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 release. Actual results may differ materially from the Company's current expectations depending upon a number of factors. These risk factors include, among others, those related to our ability to raise additional capital necessary to grow our business, operations and business and financial performance, our ability to grow demand for our products and revenue, our ability to become profitable, our ability to have access to an adequate supply of parts and materials and other critical components for our vehicles on the timeline we expect, the coronavirus (COVID-19) and the effects of the outbreak and actions taken in connection therewith, adverse changes in general economic and market conditions, competitive factors including but not limited to pricing pressures and new product introductions, uncertainty of customer acceptance of new product offerings and market changes, risks associated with managing the growth of the business, and those other risks and uncertainties that are described in the "Risk Factors" section of the Company's annual report filed on Form 10-K filed with the Securities and Exchange Commission. Except as required by law, the Company does not undertake any responsibility to revise or update any forward-looking statements.
Contact:
IR@phoenixev.ai
Dave Gentry, CEO
RedChip Companies, Inc.
1-407-644-4256
PEV@redchip.com
SOURCE: Phoenix Motor Inc.
View the original press release on accesswire.com
FAQ
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