It's been a long while since we've covered Phoenix Motorcars. Following the company's 2009 bankruptcy and a shift in focus away from light duty vehicles, Phoenix fell off our radar a bit. But, as promised all those years ago, Phoenix is still working on alternative-fuel vehicles and has just announced the launch of a new electric vehicle platform and all-electric shuttle bus.
We got a little more information from Phoenix Motorcars today about the introduction of the company's "newly configured Sports Utility Truck" this week. As we mentioned this morning, the SUT has been a long time coming and Bryon Bliss, Phoenix Motorcars' VP of sales and marketing, said that:
It's been quite a long while since we last had any real news from Phoenix Motorcars to report, but, whaddya know, we do now. The long-struggling company just posted a new press release saying it will display its "newly configured Sports Utility Truck" at the FedFleet event in Phoenix, AZ this week. Guess we have to give the company at least a little credit for following through on its April 2009 statement that, "We have not abandoned the alternative fuels transportation space."
Remember when Phoenix Motorcars was trying to get attention for their all-electric SUT with their friend Ed Begley, Jr.? Man that was a long time ago. We haven't heard an official statement from the company since they declared "We have not abandoned the alternative fuels transportation space" back in April. One reason for the silence: the company was in bankruptcy.
Just after SAIC provided some cash to keep Ssangyong operating a while longer, the company's board decided to go ahead and file for court receivership in South Korea. Under the rules there, the court has thirty days to decide if the company has what it takes to survive as a going concern. If the application is approved, a receiver will be appointed to run the company while it is restructured. If rejected, the company will likely be shutdown, because SAIC looks unlikely to continue throwing good
Curious about what Phoenix Motorcars has been up to? Taking trips to Hawai'i, apparently. The California company behind the all-electric Phoenix SUT (above) and SUV has announced it will bring electric vehicles to Maui by next year. What's interesting is that the Hawai'i-Phoenix joint press release also talks about Phoenix building "an electric vehicle infrastructure" there. In the statement, Gov. Lingle said that this project, part of the Hawai'i Clean Energy Initiative will "capitalize on Hawa
Altairnano's interim president Terry Copeland has moved up to president and CEO, the company announced today. Copeland has been the battery company's interim leader since March, just after previous CEO Alan Gotcher resigned. Copeland has been with Altair Nanotechnologies since November 2007 (when he was vice president of operations for Altair's Power and Energy Group). He also has a long history with the Duracell battery company. Copeland said that Altairnano, which is still in the game to suppl
Project Better Place has been making lots of headlines with their plan to create a battery swapping and charging infrastructure in different countries. At the recently held Alternative Fuels and Vehicles conference, a panel of representatives from some American electric car makers suggested they would prefer to see a slightly different scenario for the U.S. market. Nay to the whole battery swapping thing, yea to fast-charging stations.
Altairnano has had the spot light thrown on it recently as a result of an agreement between Electrovaya and Altairnano partner, Phoenix Motorcars. It is in this environment of speculation that they released their 2008 1st quarter earnings report. In a continuance of recent performance, they reported a slightly reduced revenue of $1.07 million and moderately increased expenditures. Net loss for the quarter was $8.29 million. So that's not so good, right?
It appears that along with re-engineering the powertrain of their upcoming electric vehicles Phoenix Motor Cars has decided to hedge their battery bet. Phoenix was the first company to commit to using Altairnano's lithium titanate batteries in an automotive applications. However Canadian battery supplier Electrovaya announced the other day that they would be supplying battery packs to Phoenix. The obvious question is what becomes of Altairnano? According to Phoenix Marketing VP Bryon Bliss, the
In an interesting twist to the saga that is the development of the Phoenix Motorcars electric SUT & SUV program comes news that they are now partnering with a Canadian battery maker. In a press release from that company, Electrovaya says that they are now negotiating an arrangement with Phoenix and have already begun the work of integrating their proprietary Lithium Ion SuperPolymer® battery along with its intelligent battery management system ("iBMS").