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.
Phoenix Motor Cars E...
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
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
After making a pretty big splash in 2006 around the same time that Tesla launched, Phoenix Motorcars has not made all that much noise about their four-door electric pickup, based on a SsangYong design. We enjoyed our drive in the electric SUT last year, and sincerely hope that the company is able to make good use of the Altairnano lithium titanate batteries that seem so promising.