SPI - SPI Energy stock jumps on launching next generation electric pickup truck EF1-T

SPI Energy (SPI) +18% premarket on announcing the launch of next-generation electric pickup truck, EF1-T by its wholly owned EdisonFuture, Inc. and Phoenix Motor Inc. subsidiary. The EF1-T standard model comes equipped with total power of 350 kilowatts, or 470 horsepower, while EdisonFuture's top of the line "Super" model offers 600kW, or 816HP. "Our vision for EdisionFuture and Phoenix Motorcars is to be leaders in sustainable transportation with focus on energy efficiency and innovative design," stated Mr. Xiaofeng Peng, Chairman & Chief Executive Officer of SPI Energy. "We have already filed multiple design and technology patents in the US related to the EF1-T and look forward to introducing this game-changing vehicle to the market in the coming months." Approximately 2.9M pickup trucks were sold in the US in 2020, +20% of the entire US auto market.

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SPI Energy stock jumps on launching next generation electric pickup truck EF1-T