• SPI Energy stock jumps 17% on announcing the launch of next-generation electric pickup truck, EF1-T by its wholly owned EdisonFuture, Inc. and PhoenixMotor Inc. subsidiary.
• The EF1-T standard model comes equipped with total power of 350 kilowatts, or 470 horsepower, while EdisonFuture's top of the line "Super" model offers 600kW, or 816HP.
• "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 2.9M pickup trucks were sold in the US in 2020, +20% of the entire US auto market.