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Phoenix books 75 orders for their SUT

Phoenix Motorcars has their first firm orders for their upcoming electric pickup truck. They have received seventy-five firm orders from municipalities and one utility. Phoenix is the first automotive company to commit to using the Altairnano NanoSafe lithium ion battery. According to the Phoenix press release, they also have a three-year US exclusivity agreement and they got gave a 16.6 percent equity stake in to Altairnano. The agreement has certain restrictions which could make it difficult for GM to consider these batteries for the Volt. ... Read more →

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