SPI Energy's (SPI) EdisonFuture Launches Next Generation Electric Pickup Truck

(Updated - July 12, 2021 8:22 AM EDT)

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 for business, residential, government, logistics and utility customers and investors, today announced its wholly owned EdisonFuture, Inc. ("EdisonFuture") and Phoenix Motor Inc. subsidiary launch its next-generation electric pickup truck, EF1-T.

EdisonFuture's EF1-T e-pickup truck, developed in partnership with Icona and leading automaker partners, is the first product in a line of advanced all-electric pickup trucks ad last-mile delivery vans incorporating Edisonfuture & Phoenix Motor's vision for human-centered future transportation and revolutionize how customers and vehicles interact.

The EF1-T standard model comes equipped with total power of 350 kilowatts (kW), or 470 horsepower (HP), while EdisonFuture's top of the line "Super" model offers 600kW, or 816HP.

An ideal solution for utility and commercial customers, the EF1-T e-pickup trucks use a uniquely designed solar mosaic technology that provides a stunning visual signature while also harnessing the power of the sun to recharge the batteries, enabling work vehicles to continuously charge while in the field.

To support the launch of its innovative EF1-T e-pickup truck, EdisonFuture also launched a new website: www.edisonfuture.com.

"Our vision for EdisionFuture and Phoenix Motorcars is to be leaders in sustainable transportation with focus on energy efficiency and innovative design," stated Mr. Xiaofeng Peng, Chairman & Chief Executive Officer of SPI Energy. "We have already filed multiple design and technology patents in the US related to the EF1-T and look forward to introducing this game-changing vehicle to the market in the coming months."

Approximately 2.9 million pickup trucks were sold in the US in 2020, representing nearly 20% of the entire US auto market. According to data from Cox Automotive, nearly 2-in-5 consumers in the market for a pickup truck over the next two years are considering an electric pickup truck.

You May Also Be Interested In

• Fisker (FSR) files form 10-K, sees more job cuts, reiterates going concern doubts
• Kopin (KOPN) loses litigation with BlueRadios, ordered to pay $5.1M
• Safe and Green Development (SGD) Launches XENE Home AI Platform