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SPI Energy’s EdisonFuture to Launch Next Generation Solar-Electric Pickup and Utility Van at Los Angeles Auto Show in November

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Company to begin accepting bookings for EF1-T and EF1-V solar electric vehicle orders during the show

SANTA CLARA, CA / ACCESSWIRE / October 21, 2021 / SPI Energy Co., Ltd. (“SPI Energy” or the “Company”) (NASDAQ: SPI), a global renewable energy company and supplier of solar and electric vehicle (EV) storage solutions to businesses, individuals, governments, logistics and utility customers, today announced that its wholly owned subsidiary EdisonFuture Motor Inc. (“EdisonFuture”) will launch its next-generation electric pickup, EF1-T, at the Los Angeles Auto Show (” LA Auto Show® ”), which will take place November 19-28 at the Los Angeles Convention Center. The EF1-T will be on display at the EdisonFuture booth: Atrium WA-14. The company will accept reservations to reserve electric vehicle orders during the show.

“We are thrilled to have the opportunity to showcase our latest innovations in electric vehicles at the LA Auto Show, the first major auto show of the season,” said Mr. Denton Xiaofeng Peng, President and CEO of SPI Energy. “With industry influencers, car enthusiasts and consumer buyers in attendance, the LA Auto Show provides a great platform to showcase the next generation technology that powers our EF1-T electric pickup truck. “

EdisonFuture’s EF1-T electric pickup truck, developed in partnership with Icona and leading automotive partners, is the first product in a line of advanced all-electric pickup trucks and last mile delivery vans. The standard EF1-T model comes equipped with a total output of 350 kilowatts (kW) or 470 horsepower (HP), while the top-of-the-line “Super” model from EdisonFuture offers 600 kW, or 816 HP.

An ideal solution for utility and commercial customers, the EF1-T electric pickup trucks utilize uniquely designed solar mosaic technology that provides a stunning visual signature while harnessing the power of the sun to recharge batteries, enabling work vehicles to sustain themselves. recharge continuously while in the field.

The EF1-V e-utility van is built on the same chassis as the EF1-T and is available in single or dual engine models, with 298 kW and 514 kW respectively of power, with the option for mosaic technology. solar and several heights. options offering a load capacity of 260 to 400 cubic feet.

Approximately 2.9 million pickup trucks were sold in the United States in 2020, representing nearly 20% of the entire U.S. vehicle market. According to data from Cox Automotive, nearly 2 in 5 consumers in the pickup truck market over the next two years are considering an electric pickup truck.

The global last mile delivery market was valued at $ 18.7 billion in 2020 and is expected to reach $ 62.7 billion by 2027, according to AllTheResearch. The World Economic Forum recently announced that the increase in last-mile delivery requests will lead to a 36% increase in the number of delivery vehicles in the world’s 100 largest cities by 2030. Fleet operators pursuing claims eco-friendly logistics practices, such as Amazon’s ordering of 100,000 electric delivery vans and FedEx’s plans to fully electrify its entire collection and delivery fleet by 2040, the demand for vehicle solutions last mile electrics are expected to increase significantly.

About EdisonFuture

Founded in 2020, EdisonFuture Motor Inc., a subsidiary of SPI Energy, designs new lines of zero-emission vehicles that incorporate a human-centered vision for future transportation and revolutionize the way customers and vehicles interact. For more information, please visit https://edisonfuture.com/.

About SPI Energy Co., Ltd.

SPI Energy Co., Ltd. (NASDAQ: SPI) is a global renewable energy company and provider of solar and electric vehicle (EV) storage solutions that was founded in 2006 in Roseville, Calif. And headquartered in Santa Clara , in California. .

The company has three main divisions: SolarJuice residential solar, the commercial and utility solar division comprised of SPI Solar and Orange Power, and the Edisonfuture / Phoenix Motor EV division. SolarJuice is the leader in renewable energy system solutions for residential and small commercial markets with extensive operations in the Asia-Pacific and North America markets. The commercial and utility solar division provides a full range of EPC services to third-party project developers, and develops, owns and operates solar projects that sell electricity to the grid in several countries including the US, UK and Europe. Phoenix Motor is a leader in mid-duty electric utility vehicles and develops solutions for EV chargers, electric vans, EV forklifts and other industrial vehicles, electric scooters and other EV products.

SPI maintains global operations in North America, Australia, Asia and Europe and also targets strategic investment opportunities in fast growing green industries such as battery storage, charging stations and other vehicles. electrics that leverage the company’s expertise and substantial solar cash flow.

For more information on SPI Energy and its subsidiaries, the Company recommends that shareholders, investors and any other interested party read the Company’s public documents and press releases available in the Investor Relations section at www. SPIgroups.com or available at www.sec.gov.

Forward-looking statements

This press release contains forward-looking statements, as that term is defined in the Private Litigation Reform Act of 1995, that involve significant risks and uncertainties. Forward-looking statements can be identified by the use of words such as may “,” may “,” intend to “,” should “,” may “,” may “,” would “,” continue “,” expect “,” believe “,” anticipate “,” estimate “,” predict “,”,, “of d Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect the current expectations of the Company and are only valid as of the date of this press release. Actual results may differ materially from the Company’s current expectations depending on a number of factors. These factors include, among others, the coronavirus (COVID-19) and the effects of the epidemic and the measures taken in this regard, adverse changes in general economic and market conditions, competitive factors, including , but not limited to, pricing pressures and new product introductions, uncertainty of customer acceptance of a new product t offerings and market changes, risks associated with management growth of the business; and other risks and uncertainties described in the “Risk Factors” section of the Company’s annual report filed on Form 20-F filed with the Securities and Exchange Commission. Except as required by law, the Company assumes no responsibility for revising or updating forward-looking statements.

Contact SPI Energy Co., Ltd. :
RI Department
[email protected]
Randy Conone, Senior Vice President of Investor Relations and Finance
[email protected]

Dave gentry
RedChipCompanies, Inc.
Telephone: (407) 491-4498
[email protected]

THE SOURCE: SPI Energy Co., Ltd.

See the source version on accesswire.com:
https://www.accesswire.com/669034/SPI-Energys-EdisonFuture-to-Debut-Its-Next-Generation-Solar-Electric-Pickup-Truck-and-Utility-Van-at-the-LA-Auto- Show in November


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