IRVINE, Calif., June 22, 2022 /PRNewswire/ — ATIF Holdings Limited (Nasdaq: ATIF) (the “Company”, “ATIF” or “We”), a holding company providing business and financial advisory services in Asia and North Americais pleased to announce that it has bolstered its investments in emerging technology companies with an investment in Phoenix Motor Inc. (Nasdaq: PEV), a manufacturer of drive systems and electric vehicles.
Founded in 2003, Phoenix Motor designs, assembles and integrates electric drive systems and electric vehicles (EVs), and markets and sells EV chargers for commercial and residential markets. Phoenix Motors converts light and medium duty vehicles to electric vehicles for various service and government fleet markets and serves a wide range of commercial fleet customers. Phoenix delivered its first commercial EV in 2014 and from December 31, 2021, it delivered a total of 104 electric vehicles, consisting of 91 shuttles and 13 work and delivery trucks. It is currently in production of its third-generation drivetrain, which features the largest battery and longest electric range for any Class 4 product on the market, offering up to 160 miles of range.
Jun LiuChairman, Chairman and Chief Executive Officer of ATIF, said, “We are delighted to be an investor in Phoenix Motor Inc., as I strongly believe in their growth prospects. We regularly work with entrepreneurs and start-ups with compelling technologies. We believe Phoenix Motor brings a unique value proposition to ATIF and its shareholders. I am pleased that ATIF participated alongside other investors in their IPO and look forward to their continued growth.
About ATIF Holdings Limited
ATIF Holdings Limited (“ATIF”) is a holding group with business advisory, asset management and investment activities, with offices in Los Angeles, California, hong kongand Shenzhen, China. ATIF mainly provides IPO advisory services to small and medium enterprises Asia and North America. ATIF has advised several companies in China in their plans for listing on the stock exchange in United States. ATIF received the “Top 10 Best Listed Companies 2019” from the “Golden Bauhinia Award”, the highest distinction in that of Hong Kong the financial and securities industry. For more information, please visit https://ir.atifchina.com/.
To learn more about IPOEX, our financial services platform, visit: https://www.ipoex.com/
For more information about NFTDPO, our NFT services division, please visit https://nftdpo.com/.
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