PEV - Phoenix Motor and Fermata Energy join hands for V2X bidirectional charging

• Phoenix Motor ( NASDAQ: PEV ) signed an equipment testing agreement with Fermata Energy, provider of V2X (vehicle-to-everything) bidirectional charging platforms.
• The Fermata Energy platform allows EVs to be utilized as mobile energy storage assets to send energy stored in EV batteries to the local grid or to a building when it is needed most, all while supporting grid resilience.
• V2X includes vehicle-to-grid (V2G) and vehicle-to-building (V2B) projects
• Under the agreement, Fermata Energy will pair its V2X bidirectional chargers and AI-driven software platform with Phoenix’s zero emission drive system.

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