Welcome to our dedicated page for PHOENIX MOTOR news (Ticker: PEV), a resource for investors and traders seeking the latest updates and insights on PHOENIX MOTOR stock.
Phoenix Motor Inc (PEV) delivers innovative electric vehicle solutions for commercial transportation, specializing in medium-duty and heavy-duty EVs. This news hub provides investors and industry stakeholders with timely updates on corporate developments, technological advancements, and market expansion efforts.
Access official press releases, earnings reports, and strategic announcements covering PEV's electric vehicle manufacturing, charging infrastructure projects, and international growth initiatives. Our curated collection ensures you stay informed about key milestones in zero-emission transit solutions without promotional bias.
Explore updates across critical categories including product launches, regulatory compliance achievements, partnership agreements, and financial performance. Each entry is verified for accuracy to support informed decision-making in the rapidly evolving EV sector.
Bookmark this page for streamlined access to Phoenix Motor's latest developments. Check back regularly for authoritative reporting on commercial EV innovations and sustainable transportation trends.
Phoenix Motor Inc. (Nasdaq: PEV) has announced the promotion of Dr. Frank Lee to Chief Technology Officer and the hiring of Dr. Joseph Xiang as Vice President of Electrical and Software Engineering. This strategic move aims to enhance the company's operational capabilities and support its global growth strategy in the medium-duty electric vehicle (EV) market. Dr. Lee brings over 30 years of experience in vehicle development, while Dr. Xiang adds 35 years of engineering expertise, particularly in the automotive sector. The company is focused on manufacturing all-electric medium-duty vehicles and aims to be a leader in electric vehicle technology.
Phoenix Motor Inc. (Nasdaq: PEV) reported a strong performance for Q4 and the full year of 2022. Q4 net revenues reached $1.8 million, up 35% year-over-year, driven by electric vehicle sales. Gross profit improved to $0.3 million, reversing a loss from the previous year. For the entire year, revenues were $4.3 million, a 45% increase from 2021, with gross profit at $0.8 million. The net loss narrowed to $12.7 million from $14.6 million in 2021. Key highlights include partnerships for electric vehicle development and the anticipated production of Gen 4 vehicles in summer 2023, with plans for a ground-up chassis design in 2024.
FAQ
What is the current stock price of PHOENIX MOTOR (PEV)?
What is the market cap of PHOENIX MOTOR (PEV)?
