SPI's Phoenix Motorcars Introduces EV Charging Solutions For US

SPI Energy Co Ltd’s (NASDAQ:SPI) Phoenix Motorcars subsidiary launched a full range of electric vehicle (EV) charging products for the US market.
The EV charging solutions come in various configurations for residential and commercial customer needs, with 24/7 network support, two-year warranties, and extended warranty options.
The global EV charging infrastructure market is estimated to reach $19.3 billion in 2021 and $145 billion by 2028, growing at a 33.4% CAGR.
Uber Technologies Inc (NYSE:UBER) and Lyft Inc (NASDAQ:LYFT) have committed to electrifying their fleets entirely by 2030.
Price action: SPI shares traded higher by 20.1% at $7.88 in the premarket session on the last check Wednesday.

Benzinga