Phoenix Motorcars

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Phoenix Motorcars

Type	Startup
Founded	2001
Headquarters	Ontario, California
Industry	Automotive
Website	http://www.phoenixmotorcars.com

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. Phoenix's vehicles are based around the complete rolling chassis of the South Korean-built SsangYong Actyon Sport, with bodyshell and interior. Phoenix has announced plans to introduce an all-electric sports utility vehicle for limited sale in 2007[1], despite the fact that the new battery technology has yet to be publicly demonstrated. 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.[2] 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.[3]