Phoenix Motor Partners With Cennatic For Commercial EV Battery Solutions
Portfolio Pulse from Benzinga Newsdesk
Phoenix Motor Inc. (PEV) has announced a partnership with Cennatic to provide commercial electric vehicle (EV) battery solutions. This collaboration aims to enhance Phoenix Motor's EV offerings by integrating Cennatic's advanced battery technology, potentially improving the performance and reliability of Phoenix Motor's commercial EVs. The partnership is expected to strengthen Phoenix Motor's position in the EV market by expanding its product line and offering more competitive EV solutions.
April 23, 2024 | 7:47 am
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Phoenix Motor Inc.'s partnership with Cennatic for commercial EV battery solutions is expected to enhance its product offerings and market position in the EV industry.
The partnership with Cennatic is likely to have a positive impact on Phoenix Motor Inc.'s stock in the short term due to the potential for improved product offerings and competitive edge in the EV market. The collaboration could lead to enhanced performance and reliability of Phoenix Motor's commercial EVs, which may increase investor confidence and demand for PEV shares.
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