Phoenix Motor Announces $6 Million Loan Financing Agreement to Support Expansion and Production Growth
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Phoenix Motor Inc. has secured a $6 million loan from J.J. Astor & Co. to support its expansion and production growth, particularly for electric transit buses.
March 19, 2025 | 10:45 am
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Phoenix Motor Inc. has secured a $6 million loan to support its expansion and production growth, particularly for electric transit buses.
The $6 million loan will enable Phoenix Motor to expand operations and increase production, which is likely to positively impact its revenue and growth prospects. This financial support is crucial for fulfilling pending orders, indicating a potential increase in future earnings.
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