75 Phoenix EV SUTs battery electric selling well
See? We told you Phoenix had a good thing with it's all-electric SUT. Phoenix says it's taken orders from several utility companies and municipalities for 75 of its battery-powered sport utility trucks. The Ontario-based company doesn't mention any buyers by name, though.
Phoenix has only to sell 425 more SUTs before December to reach its goal. Their next trick? A full-sized SUV capable of carrying seven passengers on not one drop of gas.
[Source: EV World]
Phoenix Motorcars Takes First Fleet Pre-sales Orders
for its All-Electric, Sports Utility Truck
Company on Track to Sell 500 Zero-Emission Vehicles in 2007
ONTARIO, Calif. - January 12, 2007 - Phoenix Motorcars has announced the receipt of 75 fleet orders from
several municipalities and an utility company for its new zero-emission, all-electric, freeway-ready sports utility truck. The company, which is on target to manufacture and sell 500 fleet-ready vehicles by year's end, will produce 16 pilot-build vehicles next month.
The company also confirmed that in consideration for a three-year exclusivity agreement within the U.S., Altair Nanotechnologies, Inc. (NASDAQ: ALTI), a leading supplier of nanomaterials and high-power battery systems technology, received a 16.6 percent ownership in the company. The three-year exclusivity agreement provides Phoenix with limited, exclusive use of Altairnano's NanoSafe™ battery packs in four-wheel, all-electric vehicles having a gross weight up to 6,000 pounds. Phoenix must meet minimum battery pack purchases, annually, to maintain the limited exclusivity agreement.
The minimum commitment to maintain exclusivity for 2007 would provide $16 Million in battery pack sales to Altairnano.
The Phoenix Motorcars sport utility truck can cruise on the freeway at up to 95 m.p.h. while carrying five passengers and a full payload, a capability that has caught the attention of fleet dealers, consumers, Hollywood and the media.
It exceeds all specifications for a Type III ZEV and has a driving range of 130 miles. Its battery can be recharged in less than 10 minutes and has a life-span of 12 years or more.
================== PhoenixMotorcars and AutoBlog.com
This is too much. Pass me a chair, I gotta sit down. = TG