SPI Energy Appoints New SVP Finance to Support Phoenix Motorcars
Subsidiary and Solar Juice IPO
SANTA CLARA, CA / ACCESSWIRE / November 24, 2020 / SPI Energy Co., Ltd.,
(NASDAQ:SPI) (the "Company"), a global renewable energy company and provider of
photovoltaic (PV) and electric vehicle (EV) solutions for business, residential, government,
logistics and utility customers and investors, today announced that Wenbing Chris Wang was
appointed Senior Vice President of Finance for the Company.
"Chris is a great addition to our team and will provide valuable support to our EdisonFuture’s
latest acquisition, Phoenix Motorcars, as well during our planned spinoff and IPO of our Solar
Juice subsidiary," said Xiaofeng Peng, Chairman and CEO of SPI Energy.
Mr. Wang has been CEO of Redwood Group International since February 2017 and senior
partner of SAIF Xinhuihuang Asset Management Co., Ltd since December 2018. Mr. Wang
previously served as the President of Fushi Copperweld, Inc from 2009 to 2016 and the CFO of
Fushi Copperweld from 2005 to 2010. Prior to that, Mr. Wang worked for Cornerstone China
Opportunities Fund, Redwood Capital, Credit Suisse and VCChina in various capacities. Mr.
Wang holds a bachelor’s degree in English from the University of Science and Technology
Beijing and an MBA degree in Finance and Corporate Accounting from University of Rochester.
“I am excited to join the SPI executive team as the Company moves to rapidly capitalize on the
high-growth opportunities within the EV market globally,” commented Mr. Wang.
About SPI Energy
SPI Energy Co., Ltd. (SPI) is a global renewable energy company and provider of photovoltaic
(PV) and electric vehicle (EV) solutions for business, residential, government, logistics and
utility customers and investors. The Company provides a full spectrum of EPC services to third
party project developers, as well as develops, owns and operates solar projects that sell electricity
to the grid in multiple countries, including the U.S., the U.K., Greece, Japan and Italy. The
Company has its US headquarters in Santa Clara, California and maintains global operations in
Asia, Europe, North America and Australia. SPI is also targeting strategic investment
opportunities in green industries such as battery storage and charging stations, leveraging the
Company's expertise and growing base of cash flow from solar projects and funding
development of projects in agriculture and other markets with significant growth potential.
For more information on SPI Energy and its subsidiaries, the Company recommends that
stockholders, investors and any other interested parties read the Company's public filings and
press releases available under the Investor Relations section at
This press release contains forward-looking statements, as that term is defined in the Private
Litigation Reform Act of 1995, that involve significant risks and uncertainties. Forward-looking
statements can be identified through the use of words such as may," "might," "will," "intend,"
"should," "could," "can," "would," "continue," "expect," "believe," "anticipate," "estimate,"
"predict," "outlook," "potential," "plan," "seek," and similar expressions and variations or the
negatives of these terms or other comparable terminology. Readers are cautioned not to place
undue reliance on these forward-looking statements, which reflect the Company's current
expectations and speak only as of the date of this release. Actual results may differ materially
from the Company's current expectations depending upon a number of factors. These factors
include, among others, the coronavirus (COVID-19) and the effects of the outbreak and actions
taken in connection therewith, adverse changes in general economic and market conditions,
competitive factors including but not limited to pricing pressures and new product introductions,
uncertainty of customer acceptance of new product offerings and market changes, risks
associated with managing the growth of the business, and those other risks and uncertainties that
are described in the "Risk Factors" section of the Company's annual report filed on Form 20-F
filed with the Securities and Exchange Commission. Except as required by law, the Company
does not undertake any responsibility to revise or update any forward-looking statements.
SPI Energy Co., Ltd.
SOURCE: SPI Energy Co., Ltd.