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home / news releases / SPI - EdisonFuture inks strategic agreement with Shaanxi Tongjia Automobile

SPI - EdisonFuture inks strategic agreement with Shaanxi Tongjia Automobile

SPI Energy Co. Ltd.
EdisonFuture, a wholly-owned subsidiary of SPI Energy (SPI) has entered into a strategic cooperation framework agreement with Shaanxi Tongjia Automobile, a leading manufacturer of all-electric logistic vehicles in China, As per the agreement, EdisonFuture and Tongjia will customized design, development, production, and sales of a new generation of smart electric pickup trucks and electric logistics vehicles.EdisonFuture will also be the exclusive North American distributor of all-electric "last-mile" delivery box trucks and pickup trucks currently produced by Tongjia. "We are very excited to advance our new EV business with a strong partner such as Tongjia," stated Xiaofeng Peng, Chairman and CEO of SPI Energy. "As the multi-billion-dollar last mile delivery market in North America continues to see rapid growth, logistic operators are looking to EV solutions to lower costs and increase profits. Through our partnership with Tongjia we believe we can meet this growing demand."Shares up 19% premarket.

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EdisonFuture inks strategic agreement with Shaanxi Tongjia Automobile
Stock Information
Company Name: SPI Energy Co. Ltd.
Stock Symbol: SPI
Market: NASDAQ
Website: spigroups.com
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