Phoenix Motorcars
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| Type | Startup [2] |
|---|---|
| Industry | Automotive [3] |
| Founded | 2002 [4] |
| Headquarters | Ontario, California [5] |
| Parent | Al Yousuf LLC [6] |
| Website | http://www.phoenixmotorcars.com |
Phoenix MC, Inc. is a privately held Delaware corporation headquartered in Ontario, California, that does business as Phoenix Motorcars. The Company develops full-size, freeway speed electric vehicles. Similar to other automotive manufacturers, Phoenix Motorcars partners with other corporations for the development and manufacture of key vehicle components, such as vehicle bodies, battery packs and drive-train components. The Company has announced battery supply agreements with both with Altair Nanotechnologies, Inc. and Electrovaya Inc. Phoenix's products are based on the SsangYong Actyon and the Actyon Sports variant.
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[edit] Restructuring and financing
On March 19, 2008, Phoenix Motorcars announced that it had completed a financing and restructuring, this let Phoenix Motorcars slay alive as a automotive company.[7] Dubai, United Arab Emirates-based Al Yousuf LLC, and Arlington, Virginia-based AES Corporation,[8] as new investors, the departure of the Phoenix Motorcars’ original founders and the appointment of a new board of directors.[9]
However in mid 2010, Al Yousuf LLC closed on a deal with AES Corporation that let Phoenix Motorcars become a wholly owned subsidiary of Al Yousuf LLC.[10] This led to another restructuring of Phoenix Motorcars in less than 2 years, however, the head of Phoenix Motorcars’ V.P. Sales & Marketing said this move would benefit both companies, and that Phoenix Motorcars is headed towards releasing the SUT as secluded, to fleet costumers in late 2011.[11][12]
[edit] Planned vehicles
[edit] Phoenix SUT
Phoenix Motorcars has announced plans to introduce an all-electric sports utility truck (SUT) based on the SsangYong Actyon Sports. The Phoenix SUT is anticipated to feature a 35kWh NanoSafe battery pack (lithium–titanate battery), which will provide a range of over 100 miles (160 km) miles and the ability to fast-recharge in under 10-minutes.[13] Phoenix Motorcars has taken orders for its SUTs for delivery to corporate and government fleet customers.
[edit] Phoenix SUV
Phoenix Motorcars announced plans to introduce an all-electric sports utility vehicle (SUV ) based on the SsangYong Actyon.[14] Similar to its SUT, the Company’s SUV is anticipated to be a four-passenger full-size, all-electric, freeway speed SUV, which will have a range of over 100 miles (160 km) miles and the ability to fast-recharge in under 10-minutes. Development on the SUV has been halted as of 2010, to focus on the development and release of the SUT.[15]
[edit] Plug-in hybrids
Phoenix Motorcars has announced plans to produce a plug-in series-hybrid (a plug-in hybrid) vehicle which will use technology developed for its existing all-electric SUT and SUV vehicle platforms.[16]
[edit] Production
They have entered their vehicles into the Progressive Automotive X Prize competition.[17]
[edit] Zero Emission Vehicle credits
Phoenix Motorcars anticipates selling zero emission vehicle (ZEV) credits, generated from the sale of its zero emission vehicles, to large vehicle manufacturers to help defray the high costs associated with the research and development of its products, an approach already tested by fellow EV-manufacturer Tesla Motors.[18]
[edit] Hawaii Clean Energy Initiative
On December 9, 2008, Phoenix Motorcars executed a memorandum for Phoenix's participation in the private/public Hawaii Clean Energy Initiative, one week following Project Better Place's own announcement related to the Hawaii Clean Energy Initiative,[19] and announced a plan to introduce all-electric vehicles and an electric vehicle infrastructure to the island of Maui beginning in 2009.[20]
[edit] References
- ^ http://www.futurecars.com/reviews/phoenix-motorcars-sut.html
- ^ http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=31137854
- ^ ww.phoenixmotorcars.com/company/index.php
- ^ ww.phoenixmotorcars.com/company/index.php
- ^ http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=31137854
- ^ http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=31137854
- ^ http://www.socaltech.com/phoenix_motorcars_gets_investment/s-0014346.html
- ^ http://www.socaltech.com/phoenix_motorcars_gets_investment/s-0014346.html
- ^ http://www.phoenixmotorcars.com/news-and-events/press-releases.php
- ^ http://evworld.com/news.cfm?newsid=23655
- ^ http://evworld.com/news.cfm?newsid=23655
- ^ http://www.phoenixmotorcars.com/news-and-events/media-resources.php
- ^ http://www.phoenixmotorcars.com/vehicles/phoenix-sut.php
- ^ http://www.phoenixmotorcars.com/vehicles/phoenix-suv.php
- ^ http://green.autoblog.com/2010/07/12/phoenix-motorcars-gives-more-details-about-new-sut-says-this-r/#comments
- ^ Phoenix to work on plug-in series hybrid - AutoblogGreen
- ^ Progressive Automotive X PRIZE
- ^ http://www.teslamotors.com/blog2/?p=63
- ^ http://www.betterplace.com/press-room/press-releases-detail/governor-lingle-and-better-place-announce-partnership-to-offer-national-blu/
- ^ http://www.phoenixmotorcars.com/news-and-events/releases/2008/pr-081209.php
