EV - SPI gains on subsidiary Phoenix Motorcars launching full range of EV charging solutions for the U.S. market

Phoenix Motorcars, a wholly owned subsidiary of SPI Energy (SPI) has launched a full range of EV charging products for the U.S. market.The powerful, compact, all-in-one EV charging solutions come in a variety of configurations to serve both residential and commercial customer needs, with 24/7 network support, two-year warranties, and extended warranty options. According to Grandview Research, the global EV charging infrastructure market was estimated at $15.1B in 2020 and is expected to reach $19.3B in 2021 and $145B by 2028, growing at a 33.4% compound annual growth rate.Shares up 13% premarket.

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SPI gains on subsidiary Phoenix Motorcars launching full range of EV charging solutions for the U.S. market