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Phoenix Motor Inc. and ADASTEC Corp. Partner to Launch 40-Foot Zero-Emission Automated Buses

1. PhoenixEV partners with ADASTEC to develop automated electric buses. 2. The collaboration targets modern public transit needs.

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FAQ

Why Bullish?

This partnership aligns with growing trends in electric and automated vehicles, which may enhance PEV's market position. Historical examples, such as Tesla's ventures into autonomous driving, have positively affected stock performance.

How important is it?

The strategic partnership is crucial as it positions PEV to capitalize on the rising demand for automated electric vehicles, enhancing its competitive edge.

Why Long Term?

The development of autonomous electric buses will take time, aligning with long-term market shifts in public transit. Successful deployment could significantly improve PEV's revenue and market share in the future.

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ANAHEIM, CA / ACCESS Newswire / April 8, 2025 / Phoenix Motor Inc. dba PhoenixEV (NASDAQ:PEV), a leading manufacturer of all-electric, medium-duty vehicles, today announced a strategic partnership with ADASTEC Corp., a leading software company specializing in SAE Level-4 automated driving software solutions. Together, the companies will develop and deploy 40-foot battery-electric buses equipped with Level 4 automated driving capabilities, offering a powerful solution to meet the evolving demands of modern public transit.

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