Phoenix Motorcars & InductEV Strike Long-Term Partnership for Wireless Vehicle Charging
Anaheim, California and King of Prussia, Pennsylvania (March 14, 2024) – Phoenix Motor Inc. (Nasdaq: PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced an Integration Agreement with InductEV, a pioneer in wireless vehicle charging technology. InductEV’s solution allows EV fleets to achieve their decarbonization goals with hands-free on-route (opportunistic) charging while reducing costs.
The new partnership will develop software, hardware and cooling and electrical systems integration of InductEV’s wireless charging pads with Phoenix’s zero-emission drive systems. This strategic partnership will provide Phoenix’s customers with the option to select wireless inductive charging for use in duty cycles and recurring routes.
Phoenix’s CEO Denton Peng commented, “Wireless charging is well-suited for fixed route applications such as airports, seaports, hotels, and municipal and school bus markets. InductEV’s modular platform and small footprint allow Phoenix to successfully adopt InductEV’s technology on our medium-duty vehicles and offer our customers a cleaner and more versatile charging solution.”
Phoenix has already accepted orders for wireless charging of its Class 4 shuttles and expects to deploy its first wireless charging-capable shuttle buses later in 2024.
“We’re delighted to partner with such a well-regarded industry OEM like Phoenix,” said M. David Dealy, President and Chief Commercial Officer, InductEV. “The use cases for Phoenix’s medium-duty vehicles align perfectly with InductEV’s wireless charging approach to the commercial transport market. We look forward to a long and successful partnership.”
About Phoenix Motor Inc.
Phoenix Motor Inc., a pioneer in the electric vehicle (“EV”) industry, designs, builds, and integrates electric drive systems and manufactures heavy duty transit buses and medium and light duty commercial EVs. Phoenix operates two primary brands, “Phoenix”, which is focused on commercial products including heavy and medium duty EVs (transit buses, shuttle buses, school buses and delivery trucks, among others) and “EdisonFuture”, which intends to offer light-duty EVs. Phoenix endeavors to be a leading designer, developer and manufacturer of electric vehicles and electric vehicle technologies. To learn more, please visit: www.phoenixmotorcars.com.
About InductEV
InductEV (formerly Momentum Dynamics) is revolutionizing how electric commercial fleet vehicles charge their batteries. With its proprietary on-route wireless solution now deployed throughout North America and Europe and with 18 U.S. patents and 23 pending, the King of Prussia, PA-based company is the global leader in high-power, high-speed wireless EV charging, and AI-software-powered energy management. The company just opened one of the world’s first R&D centers for wireless vehicle charging. (https://www.inductev.com/)
Contact:
Mark Hastings
Chief Investment Officer
marketing@phoenixmotorcars.com
-
Media Inquiries (InductEV):
Peter Himler, Flatiron Communications
(m) 516-729-6461
peter@flatironcomm.com
Erin Mahoney, Flatiron Communications
(m) 917-213-2935
erin@flatironcomm.com