Phoenix Motor to Buy Proterra’s Transit Business Line

Phoenix Motor has been selected as a winning bidder to acquire Proterra’s transit business line, according to a statement.

• CSI was the winning bidder to acquire its energy business line
• Both acquisitions are part of co’s Chapter 11 reorganization plan
  • Will seek bankruptcy court’s approval of acquisitions on Nov. 28
• NOTE: Volvo to Buy Proterra Battery Business for $210M

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Natalie Choy in Singapore at nchoy5@bloomberg.net

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Michael Sin at msin12@bloomberg.net

Eduard Gismatullin

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