September 24, 2022

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SPI Energy’s Phoenix Motorcars Appoints Former Daimler and Karma Automotive Executive as its New CEO

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SANTA CLARA, CA / ACCESSWIRE / March 24, 2022 / SPI Power Co., Ltd. (NASDAQ:SPI), a international renewable electricity organization and supplier of photo voltaic storage and electric automobile (EV) solutions for organization, residential, govt, logistics and utility prospects and investors, now introduced its wholly owned Phoenix Motorcars subsidiary has appointed car business veteran Lance Zhou, Ph.D., as its Government Director and new Chief Executive Officer, powerful March 28, 2022.

Prior to joining Phoenix Motorcars, Dr. Zhou was CEO of Karma Automotive, an Irvine, California-based maker of luxury EVs. Beforehand, Dr. Zhou was CEO and President of Beijing Foton Daimler Automotive from July 2015 to January 2018, though serving as Amount 1 Vice President of Daimler AG World-wide and Senior Director of Daimler Better China Ltd., the Chinese working division for industrial motor vehicle of Mercedes-Benz Group from April 2014 to January 2018. Prior to becoming a member of Daimler, Dr. Zhou was CEO of NAVECO, a joint undertaking of Iveco of Fiat and Nanjing Vehicle, and served on its board of administrators from March 2007 to April 2014.

Dr. Zhou has been nominated as a member of the board of directors of Phoenix Motorcars considering the fact that Nov 2021 and will keep on to provide on the board immediately after assuming his new function as CEO on March 28, 2022.

“I am thrilled to join Phoenix Motorcars at this essential time in its ongoing evolution,” commented Zhou. “The groundwork currently laid provides a strong foundation relocating ahead, and I look forward to operating collectively with the talented Phoenix crew to drive prolonged-expression success in the quickly escalating EV marketplace.”

“Lance is a tremendous addition to our staff, and his knowledge and assets will assistance Phoenix Motorcars develop to the future stage as it grows operations globally,” said Xiaofeng Denton Peng, Chairman & Chief Executive Officer of SPI Electricity. “I also want to understand the contribution and efforts of Joe Mitchell, who travelled involving Colorado and California throughout his tenure at Phoenix. Joe has been a good asset to our crew over the last calendar year, he has positioned the enterprise perfectly for accelerated development in the quarters forward, and we thank him for his remarkable services.”

About Phoenix Motorcars

Phoenix Motorcars is a leader in acquiring medium-obligation electric vehicles for business marketplaces with a most important focus on course 3 & 4 autos. Phoenix Motorcars strives to present fleets with thoroughly clean transportation and renewable power by way of sophisticated technologies alternatives and remains fully commited to excellence in electric vehicle innovation. Phoenix Motorcars presents a variety of automobile configurations, including shuttle buses, utility trucks, support vans, flatbed vehicles, wander-in vans, cargo vehicles and faculty buses. For much more details, be sure to pay a visit to www.phoenixmotorcars.com.

About SPI Power

SPI Power Co., Ltd. (NASDAQ: SPI) is a world renewable vitality corporation and supplier of solar storage and electric vehicle (EV) remedies that was started in 2006 in Roseville, California and is headquartered in Santa Clara, California.

The business has three main divisions: SolarJuice household photo voltaic, the commercial & utility photo voltaic division comprised of SPI Photo voltaic and Orange Power, and the EdisonFuture/Phoenix Motor EV division. SolarJuice is the chief in renewable vitality system methods for residential and small industrial marketplaces and has in depth functions in the Asia Pacific and North The united states markets. The business & utility solar division delivers a complete spectrum of EPC solutions to 3rd social gathering job developers, and develops, owns and operates photo voltaic assignments that promote electricity to the grid in several regions, which includes the U.S., U.K., and Europe. Phoenix Motor is a chief in medium-duty business electric motor vehicles, and is producing EV charger methods, electrical pickup vans, electric powered forklifts, and other EV merchandise.

SPI maintains world-wide operations in North The usa, Australia, Asia and Europe and is also focusing on strategic investment alternatives in quick growing inexperienced electrical power industries these types of as battery storage, charging stations, and other EVs which leverage the Company’s know-how and considerable solar hard cash stream.

For a lot more details on SPI Strength and its subsidiaries, the Corporation suggests that stockholders, investors and any other fascinated events read the Company’s community filings and push releases obtainable under the Investor Relations section at www.SPIgroups.com or out there at www.sec.gov.

Forward-Wanting Statements

This push release consists of ahead-looking statements, as that term is defined in the Non-public Litigation Reform Act of 1995, that involve substantial hazards and uncertainties. Ahead-on the lookout statements can be discovered as a result of the use of phrases these types of as “may possibly,” “might,” “will,” “intend,” “should,” “could,” “can,” “would,” “continue,” “expect,” “believe,” “anticipate,” “estimate,” “predict,” “outlook,” “potential,” “plan,” “seek,” and related expressions and versions or the negatives of these conditions or other equivalent terminology. Audience are cautioned not to put undue reliance on these ahead-looking statements, which reflect the Company’s present expectations and converse only as of the date of this release. Genuine effects could vary materially from the Company’s recent anticipations based on a variety of components. These things incorporate, between some others, the coronavirus (COVID-19) and the consequences of the outbreak and steps taken in connection therewith, adverse alterations in standard economic and market circumstances, aggressive aspects like but not confined to pricing pressures and new product or service introductions, uncertainty of purchaser acceptance of new solution offerings and industry alterations, threats affiliated with managing the growth of the enterprise, and individuals other pitfalls and uncertainties that are explained in the “Risk Factors” part of the Company’s yearly report filed on Variety 20-F submitted with the Securities and Exchange Fee. Besides as required by regulation, the Company does not undertake any responsibility to revise or update any forward-looking statements.

SPI Electricity Co., Ltd. Call:

IR Office
[email protected]

Dave Gentry
RedChip Providers, Inc.
Cellular phone:(407) 491-4498
[email protected]

Supply: SPI Strength Co., Ltd.

View supply variation on accesswire.com:
https://www.accesswire.com/694467/SPI-Energys-Phoenix-Motorcars-Appoints-Previous-Daimler-and-Karma-Automotive-Government-as-its-New-CEO

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