EV Pickup Truck War Heats Up With This New Prototype

SPI Energy Co Ltd SPI launched the prototype of the EdisonFuture e-pickup truck, EF1-T, produced by the EdisonFuture Motor Inc subsidiary.
In early September, EdisonFuture celebrated delivering the prototype EF1-T e-pickup truck in Orange County, California.
SPI is addressing a global market growing at a CAGR of 25.8% that is likely to reach $1.9 billion by 2027, Chair and CEO Xiaofeng Denton Peng said.
SPI Energy's launch has pitted it against General Motors Co GM and Tesla Inc TSLA, rival Amazon.com Inc AMZN-backed Rivian.
Price Action: SPI shares traded higher by 2.65% at $5.8 in the premarket session on the last check Thursday.