Phoenix Motorcars and Fermata Energy Form Long-Term Partnership for V2X Bidirectional Charging – Phoenix Motor Cars

Under the agreement, Fermata Energy will pair its V2X bidirectional chargers and AI-driven software platform with Phoenix’s zero emission drive system. We are proud to be partnering with Fermata Energy to provide this technology to our customers.”“V2X bidirectional charging unlocks the value in EV batteries. Forward-Looking StatementThis press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.