Phoenix Motor Inc

Phoenix Motor, Inc. engages in designing and manufacturing electric vehicles. It also engages in assembling and integrating electric drive systems and medium duty electric vehicles and sells & markets electric vehicle chargers for the commercial and residential markets. The company was founded in 2003 and is headquartered in Anaheim, CA.

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Phoenix Motor Inc achieves record Q1 results, focuses on electric vehicles

Phoenix Motor Inc's Q1 2024 performance reflects strong financial growth and market expansion.
The company's strategic focus on electric vehicles and aftersales support enhances its competitive position.
Challenges include managing backlog, operational efficiency, and adapting to market dynamics.
Opportunities lie in revenue growth, market expansion, and increasing demand for eco-friendly vehicles.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Phoenix Motor, Inc. designs, develops, manufactures, assembles, and integrates electric drive systems and light and medium duty electric vehicles, with an aim to reduce carbon intensity and greenhouse gas emissions. It operates under the brands Phoenix Motorcars, which is focused on commercial products including medium duty electric vehicles, chargers, and electric forklifts, and EdisonFuture, which intends to offer light-duty electric vehicles. The company was founded in 2003 and is headquartered in Anaheim, CA.

In-person attendees planning to visit the Greenville, SC facility must RSVP in advance ANAHEIM, CA / ACCESSWIRE / April 16, 2024 / Phoenix Motor Inc. (NASDAQ:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced it is hosting an Investor Day on April 18, 2024 at its recently acquired transit bus manufacturing facility in Greenville, South Carolina. For those not attending in person, Phoenix Motor will host a live webcast beginning at 4:05 p.m.

Phoenix Motor Announces 2024 Investor Day Details for In-Person and Online Attendees

ANAHEIM, CA / ACCESSWIRE / April 15, 2024 / Phoenix Motor Inc. (NASDAQ:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced its revenue guidance for the first quarter of 2024. The company expects to report revenue in the range of $8 million to $9 million, representing a significant increase from the $1.8 million recorded in the first quarter of 2023, which was the company's previous record revenue quarter.

Phoenix Motor Announces Record Revenue Guidance for Q1 2024

Dr. Liu brings a unique blend of skills and experiences in AI, automotive engineering, strategic business development, and operation management. ANAHEIM, CA / ACCESSWIRE / April 12, 2024 / Phoenix Motor Inc. (Nasdaq:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced the appointment of Dr. Lewis Liu as its new Chief Operating Officer (COO), effective immediately.

Phoenix Motor Appoints Dr. Lewis Liu as Chief Operating Officer

ANAHEIM, CA / ACCESSWIRE / April 11, 2024 / Phoenix Motor Inc. (NASDAQ:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced its plans to establish an Artificial Intelligence (AI) development center in Silicon Valley, California. This new center will focus on developing next-generation self-driving technology and advanced energy management systems for shuttle buses and transit buses.

Phoenix Motor to Open AI Development Center in Silicon Valley to Drive Next-Generation Electric Bus Technology

ANAHEIM, CA and KING OF PRUSSIA, PA / ACCESSWIRE / March 18, 2024 / Phoenix Motor Inc. (Nasdaq:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced an Integration Agreement with InductEV, a pioneer in wireless vehicle charging technology. InductEV's solution allows EV fleets to achieve their decarbonization goals with hands-free on-route (opportunistic) charging, while reducing costs.

Phoenix & InductEV Form Long-Term Partnership for Wireless Vehicle Charging

ANAHEIM, CA / ACCESSWIRE / March 13, 2024 / Phoenix Motor Inc. (NASDAQ:PEV) (the "Company" or "Phoenix"), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, announced today that its Board of Directors has appointed J. Mark Hastings as the Company's Chief Financial Officer.

Phoenix Motor Inc. Appoints Mark Hastings as Chief Financial Officer

ANAHEIM, CA / ACCESSWIRE / March 11, 2024 / Phoenix Motor Inc. (Nasdaq:PEV) (the "Company" or "Phoenix"), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, announced today that its management team is scheduled to host one-on-one investor meetings at the 36th Annual Roth Conference which runs from Sunday March 17th through Tuesday March 19th in Dana Point, California. Denton Peng, Phoenix's Chief Executive Officer, and Mark Hastings, its Chief Investment Officer, will be on hand to meet with investors and discuss its recent acquisition of the Transit Business from Proterra.

Phoenix to Host Investor Meetings at the 36th Annual Roth Conference March 17-19, 2024

ANAHEIM, CA / ACCESSWIRE / March 6, 2024 / Phoenix Motor Inc. (NASDAQ:PEV) (the "Company" or "Phoenix"), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, announced today that repeat customer Raleigh Durham International Airport (RDU) has placed an order for six zero emission Phoenix battery electric buses, marking Phoenix's first formal order after acquiring the Proterra Transit business line. In 2023, RDU served a record of 14.5 million passengers and RDU will soon be receiving and serving passengers with Phoenix's fifth-generation 40' ZX5+ buses.

Phoenix Sells 6 All-electric Transit Buses to Raleigh Durham International Airport for Delivery Later this Month

ANAHEIM, CA / ACCESSWIRE / February 26, 2024 / Phoenix Motor Inc. (NASDAQ:PEV) (the "Company" or "Phoenix"), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, announced today that is will host interested analysts and investors and its recently acquired Transit Bus manufacturing facility in Greenville, South Carolina. The event will take place on Thursday, April 18, 2024 and will provide analysts and investors the opportunity to tour the manufacturing facility, to ride in buses at our test track and to meet senior management and operating personnel throughout the day.

Phoenix Motor Inc. to Host Analyst & Investor Day at its New Transit Bus Factory in Greenville, SC on Thursday April 18th

ANAHEIM, CA / ACCESSWIRE / February 14, 2024 / Phoenix Motor Inc. (NASDAQ:PEV) (the "Company" or "Phoenix"), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, announced today its recent delivery of an all-electric, zero-emission Z400 shuttle bus to the City of Grand Terrace. The electric service truck is built on a Ford E-450 chassis powered by Phoenix Motorcars and will serve the city and their community.

Phoenix Motor Inc. Delivers All-Electric, Zero-Emission Shuttle Bus to the City of Grand Terrace

ANAHEIM, CA / ACCESSWIRE / February 8, 2024 / Phoenix Motor Inc. (Nasdaq:PEV) (the "Company" or "Phoenix"), a leading electrification solutions provider for medium-duty vehicles, announced today that it has entered into a securities purchase agreement with certain accredited investors for the purchase and sale of purchase approximately $1.6 million of its common stock in a registered direct offering and warrants to purchase common stock in a concurrent private placement. The combined purchase price for one share of common stock and each warrant will be $1.13.

Phoenix Motor Inc. Announces Pricing of $1.6 Million Registered Direct Offering

ANAHEIM, CA / ACCESSWIRE / February 7, 2024 / Phoenix Motor Inc. (Nasdaq:PEV) ("Company" or "Phoenix"), a leading electrification solutions provider for medium-duty vehicles, today announced that it has completed the acquisition of the Battery Lease portfolio for $6.5 million from Proterra Inc. and Proterra Operating Company, Inc. (collectively "Proterra"), a leading innovator in commercial vehicle electrification technology. In January 2024, Phoenix received the requisite approval from the U.S. bankruptcy court.

Phoenix Completes Purchase of Proterra's Battery Lease Portfolio

ANAHEIM, CA / ACCESSWIRE / January 30, 2024 / Phoenix Motor Inc. (Nasdaq:PEV) (the "Company" or "Phoenix"), a leading electrification solutions provider for medium-duty vehicles, announced today that it has entered into a securities purchase agreement with certain accredited institutional investors for the purchase and sale of purchase approximately $4.8 million of its common stock in a registered direct offering and warrants to purchase common stock in a concurrent private placement. The combined purchase price for one share of common stock and each warrant will be $1.15.

Phoenix Motor Inc. Announces Pricing of $4.8 Million Registered Direct Offering

Phoenix Motor, Inc. (PEV) PEV Proterra Transit Acquisition Update Call Transcript

Update to occur on Thursday January 25th @ 2:00 pm EST ANAHEIM, CA / ACCESSWIRE / January 25, 2024 / Phoenix Motor Inc. (NASDAQ:PEV) ("Company" or "Phoenix"), a leading electrification solutions provider for medium-duty vehicles, announced the details of its investor update to be held later today. In it, the Company will provide its initial plans for recently acquired Proterra Transit business line ("Proterra Transit").

Phoenix to Hold Update Webcast/Conference Call Following the Purchase of Proterra's Transit Business

Schedules update call for Thursday January 25th to discuss initial plans ANAHEIM, CA / ACCESSWIRE / January 18, 2024 / Phoenix Motor Inc. (NASDAQ:PEV) ("Company" or "Phoenix"), a leading electrification solutions provider for medium-duty vehicles, today provided its initial guidance incorporating the recently-acquired Proterra Transit business line ("Proterra Transit"). As previously reported, Phoenix purchased the business last week from Proterra Inc. and Proterra Operating Company, Inc. (collectively "Proterra"), a leading innovator in commercial vehicle electrification technology, subsequent to receiving the requisite approval from the U.S. bankruptcy court.

Phoenix Issues Preliminary Guidance Following the Purchase of Proterra's Transit Business

Acquisition Adds Full-size All-electric Transit Buses to the Company's Existing Medium-duty Offering ANAHEIM, CA / ACCESSWIRE / January 12, 2024 / Phoenix Motor Inc. (NASDAQ:PEV) ("Company" or "Phoenix"), a leading electrification solutions provider for medium-duty vehicles, today announced that it has completed the acquisition of the Proterra Transit business line ("Proterra Transit") from Proterra Inc. and Proterra Operating Company, Inc. (collectively "Proterra"), a leading innovator in commercial vehicle electrification technology. Earlier this week, Phoenix received the requisite approval from the U.S. bankruptcy court.

Phoenix Completes Purchase of Proterra's Transit Business

ANAHEIM, CA / ACCESSWIRE / January 3, 2024 / Phoenix Motor Inc. (NASDAQ:PEV) ("Company" or "Phoenix"), a leading electrification solutions provider for medium-duty vehicles, today announced that its EdisonFuture subsidiary plans to accept Bitcoin as a payment option for its customers to pay for EdisonFuture brand electric pick-up trucks and delivery vans, once those products become available in the market. The company conducted market research and discovered that there was a growing interest around bitcoin which was accelerated by the coronavirus pandemic and complex geopolitics.

Phoenix's EdisonFuture Plans to Accept Payment in Bitcoin

ANAHEIM, CA / ACCESSWIRE / December 18, 2023 / Phoenix Motor Inc. (Nasdaq:PEV) ("Company" or "Phoenix"), a leading electrification solutions provider for medium-duty vehicles, today announced the successful demonstration of the nation's first autonomous cutaway shuttle bus with Houston METRO, in partnership with Perrone Robotics, STV and AECOM. This is the first Federal Motor Vehicle Safety Standards (FMVSS), Americans with Disabilities Act (ADA), and Buy America-compliant mid-size autonomous bus in the United States.

Phoenix Motorcars and Perrone Robotics Deliver First Cutaway Autonomous Shuttle Bus To Houston METRO

ANAHEIM, CA / ACCESSWIRE / December 7, 2023 / Phoenix Motor Inc. (NASDAQ:PEV) ("Company" or "Phoenix"), a leading electrification solutions provider for medium-duty vehicles, today announced plans to demonstrate its Phoenix Exchange Battery Swap Technology for commercial vehicles in January. The demonstrations will be held at the company's Anaheim manufacturing facility, and in South Carolina for customers on the East Coast.

Phoenix To Demonstrate Battery Swap Technology for Commercial Vehicles

ANAHEIM, CA / ACCESSWIRE / November 28, 2023 / Phoenix Motor Inc. (NASDAQ:PEV) ("Company" or "Phoenix"), a leading electrification solutions provider for medium-duty vehicles, today announced that it has reached an agreement with Rayz Technologies to pre-install Rayz Technologies' flagship mass-production LiDAR sensors in its next generation electric vehicles. The company's future product lines, including electric pickup trucks, buses, trucks, and other models will be fully equipped with Rayz new generation of LIDAR Osprey H2.

Phoenix Motorcars and Rayz Technologies Establish Cooperation for Autonomous Driving Vehicles with LiDAR

Enables Florida school districts to purchase zero-emission battery electric Type-A buses more efficiently ANAHEIM, CA / ACCESSWIRE / November 22, 2023 / Phoenix Motor Inc. (NASDAQ:PEV) ("Company" or "Phoenix"), a leading electrification solutions provider for medium-duty vehicles, today announced an awarded contract by the Florida Sheriffs Association's Cooperative Purchasing Program, enabling schools to procure and purchase Phoenix's all-electric Type A school buses. This Cooperative Purchasing Contract is expected to give any public school in Florida the ability to purchase zero-emission school buses more efficiently at a competitive price, without having to go through a bid process.

Phoenix Wins Contract Under Florida Sheriffs Association Cooperative Purchasing Program for Electric School Buses

Phoenix Motor Inc. (PEV) Q3 2023 Earnings Call Transcript

ANAHEIM, CA / ACCESSWIRE / November 14, 2023 / Phoenix Motor Inc. (NASDAQ:PEV) (the "Company" or "Phoenix"), a leader in manufacturing of all-electric, medium-duty vehicles, today reported financial and operational results for the third quarter of 2023. Third Quarter 2023 Financial Highlights Net revenues decreased 30% to $0.3 million, compared to $0.4 million in Q3 2022, as revenue decreased from both electric vehicle and forklift sales.

Phoenix Motor Inc. Announces Third Quarter 2023 Financial Results

Acquisition Will Add Full-size Transit Buses to the Company's Existing Medium-duty Offering ANAHEIM, CA / ACCESSWIRE / November 14, 2023 / Phoenix Motor Inc. (Nasdaq:PEV) ("Company" or "Phoenix"), a leading electrification solutions provider for medium-duty vehicles, today announced that it was the successful bidder to acquire the Proterra Transit business line ("Proterra Transit") from Proterra Inc. ("Proterra"), a leading innovator in commercial vehicle electrification technology, through the auction of the assets pursuant to bankruptcy court approved bidding procedures. This transformative acquisition will add heavy-duty transit buses to Phoenix's existing product line of medium-duty shuttle and school buses.

News for Phoenix Motor Inc Stock (PEV)