SPI - SPI Energy rallies on Phoenix Motorcars appointing new VP Product Management and Supply Chain

SPI Energy (SPI) surged 16% in premarket trade after announcing Phoenix Motorcars, a wholly owned subsidiary of the company's EdisonFuture subsidiary, appointed Edmund Shen as its new VP, Product Management and Supply Chain.In 2009, Shen was interviewed and hired by Elon Musk as an early Tesla employee where he served for seven years leading key projects of Tesla EV product development and global launch programs."Edmund has a proven track record specializing in leading new product development and new technology startups with experience taking products from concept to market launch, with limited resources and in fast-paced environments," Phoenix Motorcars COO Tarek Helou commented.

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SPI Energy rallies on Phoenix Motorcars appointing new VP, Product Management and Supply Chain