PEV
NASDAQPhoenix Motor Inc.
Latest news
25 items- NEWSPhoenix Motor Showcases MEV2/LSV Electric Delivery Vehicle at GenAI Summit 2025ANAHEIM, CA / ACCESS Newswire / July 14, 2025 / Phoenix Motor Inc. (OTC:PEVM) ("Phoenix" or the "Company"), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced its exhibit at the GenAI Summit from July 13-17, 2025, at Booth B57, showcasing the Company's groundbreaking MEV2/LSV electric vehicle, purpose-built for the last-mile and food delivery markets.Designed for urban deployment with final-assembled in Anaheim, California, the PhoenixEV MEV2/LSV (Low-Speed Vehicle) combines affordability, autonomy readiness, and operational efficiency into a compact electric platform. The company plans to deploy up to 10,000 ME
- NEWSPhoenix Motor Expands Global Footprint with Strategic China Manufacturing AgreementStrategic expansion adds 1.6 million square feet of EV production capacity rent-free in China, boosting Phoenix's global manufacturing footprint to nearly 2 million square feet ANAHEIM, CA / ACCESS Newswire / June 30, 2025 / Phoenix Motor Inc. (OTC:PEVM), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced a significant expansion of its global manufacturing capabilities through a newly signed agreement to utilize over 1.6 million square feet of existing EV production facilities in Henan Province, China-rent-free for an initial 10-year term. The Company will begin producing electric vehicles for the Latin American
- NEWSPhoenix Motor Reports Q1 2025 Financial ResultsANAHEIM, CA / ACCESS Newswire / June 27, 2025 / Phoenix Motor Inc. (OTC:PEVM), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced financial results for the first quarter ended March 31, 2025.Q1 2025 Financial HighlightsRevenue totaled $4.4 million, compared to $9.4 million in Q1 2024. The prior-year period benefited from one-time sales of pre-owned transit buses acquired through the Proterra Transit Business acquisition.Gross margin expanded to 30.9%, compared to 26.6% in Q1 2024, driven by stronger unit economics on EV and transit bus sales and improved cost discipline.Operating expenses decreased to $3.3 milli
- NEWSPhoenix Motor Reports Revenue Up 898% Year-over-Year to $31.1M for Fiscal Year 2024ANAHEIM, CA / ACCESS Newswire / May 30, 2025 / Phoenix Motor Inc. (OTC:PEVM), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today reported financial and operational results for the fiscal year ended December 31, 2024.Fiscal Year 2024 Financial HighlightsRevenue increased 898% to $31.1 million, up from $3.1 million in FY 2023Gross profit increased to $7.1 million, up from a gross loss of $276k in FY 2023Gross margin expanded 3,240 basis points to 23.6%, up from negative 8.8% in FY 2023Net income improved by $28.5 million year-over-year to $7.9 million, up from a net loss of $20.6 million in FY 2023Cash and cash equivalents
- NEWSPhoenix Motor Inc. to Supply Los Angeles County With Five (5) All-Electric, Zero-Emission Shuttle BusesANAHEIM, CA / ACCESS Newswire / May 20, 2025 / Phoenix Motor Inc. (the "Company" or "PhoenixEV"), a leading manufacturer of medium-duty shuttle buses, trucks, and heavy-duty transit buses, announced today its first order of five (5) all-electric, zero-emission Z-400 shuttle buses from the County of Los Angeles Internal Services Department (ISD). These electric vehicles, built on the Ford E-450 chassis and powered by PhoenixEV technology, will enhance transit options for residents living in Los Angeles County Development Authority (LACDA) public housing sites, offering a more sustainable way to connect.ISD, in collaboration with LACDA, secured a critical California Air Resources Board (CARB)
- NEWSPhoenix Motor Inc. Announces Participation in the 2025 U.S. Caribbean Business Conference, Signaling Global Expansion into New EV MarketsANAHEIM, CA / ACCESS Newswire / May 12, 2025 / Phoenix Motor Inc. dba PhoenixEV, a leading manufacturer of all-electric, zero-emission vehicles, is pleased to announce its participation in the 2025 U.S. Caribbean Business Conference, organized by the U.S. Commercial Service and taking place in Miami, Florida from May 13-14, 2025.This event marks a significant step in PhoenixEV's strategic global expansion, with a strong focus on international growth across the Caribbean and Latin American commercial vehicle markets. As governments and fleet operators across the region accelerate their transition toward clean transportation, PhoenixEV is well-positioned to deliver proven, zero-emission soluti
- NEWSPhoenix Motor to Discuss 2024 Financial Results During Webinar on June 4A live Q&A session with management will follow the company's prepared remarks ANAHEIM, CA / ACCESS Newswire / May 7, 2025 / Phoenix Motor Inc. (OTC:PEVM), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, is pleased to invite investors to a webinar on June 4, 2025, at 4:15 p.m. ET.The exclusive event, hosted by RedChip Companies, will feature Phoenix Motor CEO Denton Peng, CFO Michael Yung, COO Lewis Liu, CRO Jose Paul Plackal, and CTO Tony Zhou.Phoenix Motor's leadership team will discuss the company's fiscal year 2024 financial results and provide insight into the company's position as a leader in zero-emission, all-electric
- NEWSPhoenix Motor Raises 2024 Revenue Guidance to $30.7M-$31.2MCompany also reaffirms 2025 revenue targeted at $40M-$50M ANAHEIM, CA / ACCESS Newswire / May 6, 2025 / Phoenix Motor Inc. (OTC:PEVM), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced an upward revision to its 2024 revenue guidance, reflecting stronger-than-anticipated customer demand and increased production capacity.The company now expects full-year 2024 revenue to be in the range of $30.7 million to $31.2 million, an increase from its previous guidance issued in March. This revenue guidance range represents a more than tenfold increase over 2023 revenue of $3 million. The company also reaffirms its expectat
- NEWSPhoenix Motor Inc. Awarded California DGS Statewide Contract for Zero-Emission BusesANAHEIM, CA / ACCESS Newswire / May 5, 2025 / Phoenix Motor Inc. dba PhoenixEV, a leading manufacturer of all-electric, medium- and heavy-duty vehicles, is pleased to announce that it has been awarded a multi-category contract by the California Department of General Services (DGS) for Battery Electric Buses (BEBs). PhoenixEV has been selected for the following vehicle categories:Group 2 - 35-foot Battery Electric Bus (BEB)Group 3 - 40-foot Battery Electric Bus (BEB)Group 18 - Cutaway Battery Electric Bus (BEB)This award enables eligible state and local government agencies across California - including transit authorities, school districts, municipalities, and other public entities - to direc
- NEWSPhoenix Motor Inc. Announces Receipt of Nasdaq Listing Delinquency LetterANAHEIM, CA / ACCESS Newswire / May 2, 2025 / Phoenix Motor Inc. (NASDAQ:PEV) (the "Company") today announced that it received a notice (the "Notice") from the Nasdaq Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company is no longer in compliance with Listing Rule 5250(c)(1) due to its failure to file its Annual Report on Form 10-K for the year ended December 31, 2024 (the "Form 10-K"). This matter serves as an additional basis for delisting the Company's securities from Nasdaq.As previously disclosed, on April 8, 2025, the Company received a determination letter from the Staff (the "Staff Determination") stating that the Staff
- SECPhoenix Motor Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders8-K - PHOENIX MOTOR INC. (0001879848) (Filer)
- NEWSPhoenix Motors To Participate in the Advanced Clean Transportation (ACT) Expo at Anaheim Convention CenterANAHEIM, CA / ACCESS Newswire / April 16, 2025 / Phoenix Motor Inc. dba PhoenixEV (NASDAQ:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, is excited to announce its participation in the Advanced Clean Transportation (ACT) Expo, taking place from April 28 to May 1 at the Anaheim Convention Center. This prestigious event brings together industry leaders, innovators, and key stakeholders dedicated to advancing transportation solutions that prioritize sustainability and environmental responsibility.At the expo, PhoenixEV will have the unique opportunity to showcase its latest products and innovative technologies designed t
- NEWSPhoenix Motor Inc. Appeals Nasdaq Delisting DeterminationANAHEIM, CA / ACCESS Newswire / April 15, 2025 / Phoenix Motor Inc. (the "Company"), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced that it has formally appealed the Nasdaq delisting determination and is taking proactive steps to protect shareholder value following the trading halt of its common stock (previously traded under: PEV).Hearing Request and Continued OTC TradingAs previously disclosed, Nasdaq suspended trading of the Company's common stock effective today, April 15, 2025, due to non-compliance with the minimum bid price requirement and the Company's failure to hold an annual shareholder's meeting
- SECPhoenix Motor Inc. filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing, Financial Statements and Exhibits8-K - PHOENIX MOTOR INC. (0001879848) (Filer)
- NEWSPhoenix Motor Inc. and ADASTEC Corp. Partner to Launch 40-Foot Zero-Emission Automated BusesANAHEIM, CA / ACCESS Newswire / April 8, 2025 / Phoenix Motor Inc. dba PhoenixEV (NASDAQ:PEV), a leading manufacturer of all-electric, medium-duty vehicles, today announced a strategic partnership with ADASTEC Corp., a leading software company specializing in SAE Level-4 automated driving software solutions. Together, the companies will develop and deploy 40-foot battery-electric buses equipped with Level 4 automated driving capabilities, offering a powerful solution to meet the evolving demands of modern public transit.As cities and transit agencies across North America seek to reduce emissions and increase operational efficiency, interest in both electrification and autonomy has surged. Th
- SECAmendment: Phoenix Motor Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Financial Statements and Exhibits8-K/A - PHOENIX MOTOR INC. (0001879848) (Filer)
- NEWSPhoenix Motor and InductEV Launch the World's First Commercially Available, Wirelessly Charged Medium-Duty Electric Shuttle BusPlan for a Range of Vehicles Using Wireless Charging to Improve Range and ROI ANAHEIM, CA / ACCESS Newswire / April 2, 2025 / Phoenix Motor Inc., and InductEV Inc. today announced the successful integration of wireless inductive charging capabilities into its medium-duty electric shuttle bus, a world-first for a commercially available vehicle of this type. The integration of InductEV wireless charging enhances the versatility and operational efficiency of electric shuttle buses, setting a new standard for sustainable, high-performance fleet operations, with wireless charging now available as an option when purchasing vehicles from Phoenix. The solution can also be applied to other vehicles i
- SECSEC Form DEFR14A filed by Phoenix Motor Inc.DEFR14A - PHOENIX MOTOR INC. (0001879848) (Filer)
- SECSEC Form NT 10-K filed by Phoenix Motor Inc.NT 10-K - PHOENIX MOTOR INC. (0001879848) (Filer)
- SECPhoenix Motor Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits8-K - PHOENIX MOTOR INC. (0001879848) (Filer)
- NEWSPhoenix Motor Announces Board Approval of $5 Million Share Repurchase ProgramANAHEIM, CA / ACCESS Newswire / March 25, 2025 / Phoenix Motor Inc. (NASDAQ:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced that its Board of Directors has authorized a share repurchase program under which the Company may repurchase up to $5 million of its outstanding common stock."We believe that our current share price does not fully reflect the underlying value and long-term prospects of Phoenix Motor," said Denton Peng, CEO of Phoenix Motor. "This share repurchase program reaffirms our confidence in the business and our commitment to enhancing shareholder value while maintaining a disciplined approa
- NEWSJoin Phoenix Motor's Exclusive Live Investor Webinar and Q&A Session on May 6ANAHEIM, CA / ACCESS Newswire / March 24, 2025 / Phoenix Motor Inc. (NASDAQ:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, is pleased to invite investors to a webinar on May 6, 2025, at 4:15 p.m. ET.The exclusive event, hosted by RedChip Companies, will feature Phoenix Motor's CEO, Denton Peng.Attendees will gain insight into Phoenix Motor's position as a leader in zero-emission, all-electric commercial transportation solutions. Phoenix Motor's vehicles have accumulated more than 60 million all-electric miles-saving over $30 million in fuel costs. For 2024, Phoenix Motor projects revenue of $30 million to $31 million,
- NEWSPhoenix Motor Inc. Announces Postponement of Annual Stockholders MeetingANAHEIM, CA / ACCESS Newswire / March 21, 2025 / Phoenix Motor Inc. (NASDAQ:PEV) (the "Company") today announced that it has decided to postpone the Annual Meeting of Stockholders, which was originally scheduled for 11:00 AM Pacific Time today, March 21, 2025. The Company opted to delay the meeting to a future date, which will be determined and announced in due course. The Company will provide updated information regarding the new date for the Annual Meeting and, if necessary, a new record date, as soon as it becomes available.About Phoenix Motor Inc.Phoenix Motor, a pioneer in the electric vehicle ("EV") industry, designs, builds, and integrates electric drive systems and manufactures heavy
- SECPhoenix Motor Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits8-K - PHOENIX MOTOR INC. (0001879848) (Filer)
- NEWSPhoenix Motor's EdisonFuture International Signs Strategic Cooperation Agreement with Guorun Venture Capital for RMB 1 Billion M&A Fund to Establish EV Manufacturing Sites in ChinaANAHEIM, CA / ACCESS Newswire / March 20, 2025 / Phoenix Motor Inc. (NASDAQ:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced that its wholly-owned subsidiary, EdisonFuture International Co., Ltd. ("EdisonFuture International"), has entered into a strategic cooperation agreement with Beijing Guorun Venture Capital Co., Ltd. ("Guorun") to establish a specialized RMB 1 billion (approximately USD 140 million) M&A investment fund to support the acquisition and development of EV manufacturing sites in China."We are excited to collaborate with Guorun to establish a strong manufacturing footprint in China," said
PEV FAQ
6 questionsWhat does Phoenix Motor Inc. do?
Phoenix Motor Inc. designs, assembles, and integrates electric drive systems and light and medium duty electric vehicles. The company offers buses and trucks. It focuses on developing light and medium duty commercial electric vehicles for various service and government fleet markets, including city fleets, campuses, municipalities, and transit agencies; and serves a spectrum of commercial fleet customers, such as airport shuttle operators, hotel chains, transit fleet operators, seaports, last-mile delivery fleets, and large corporations. The company also markets and sells electric vehicle...Where does PEV stock trade?
Phoenix Motor Inc. (PEV) is listed on NASDAQ.What sector and industry is PEV in?
Phoenix Motor Inc. operates in the Consumer Discretionary sector, Construction/Ag Equipment/Trucks industry.When did Phoenix Motor Inc. go public?
Phoenix Motor Inc. (PEV) completed its IPO in 2022.What companies are similar to PEV?
Notable peers in the same industry include CAT (Caterpillar Inc.), CNHI (CNH Industrial N.V.), CNH (CNH Industrial N.V.), TEX (Terex Corporation), TSP (TuSimple Holdings Inc.). Compare PEV side-by-side with any of them on Quantisnow.How can I track PEV on Quantisnow?
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