Tom2000:Phoenix Motorcars is a
California-based company that focuses on developing electric vehicles. At present, Phoenix partners with other corporations for development of key vehicle components, such as AltairNano's fast-charge lithium ion battery technology. The company also licenses electric motor technology from
UQM Technologies. The car bodies are based on Korean SsangYong Actyon. In January 2007, Altairnano acquired a 16.6% stake in Phoenix Motorcars in exchange for a 3-year exclusive agreement to provide their batteries for use in 4-wheeled vehicles. Altairnano will provide up to 500 battery packs in 2007. At that time, Phoenix announced that it had 75 firm orders and anticipated producing 16 vehicles in February, although some of those would be used for federal compliance testing.
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