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. (historically Nasdaq: PEV and now quoted on the OTC Pink Market) generates frequent news as a commercial electric vehicle manufacturer focused on all-electric, zero-emission buses, shuttles, and medium-duty trucks. Company updates often highlight progress in transit electrification, public-sector contracts, technology partnerships, and international expansion.
News coverage for Phoenix Motor includes announcements about financial results and guidance, such as annual and quarterly performance updates and commentary on revenue growth following the acquisition of Proterra’s transit business. These releases typically discuss changes in gross margin, operating expenses, and net income, along with management’s views on demand for zero-emission commercial vehicles.
Investors and industry observers can also follow news on product launches and technology milestones. Examples include the introduction of the Z-400 all-electric shuttle bus for Los Angeles County, the MEV2/LSV low-speed vehicle for last-mile and food delivery, wirelessly charged medium-duty shuttles developed with InductEV, and automated 40-foot buses created in partnership with ADASTEC Corp. Phoenix’s participation in events such as the U.S. Caribbean Business Conference and the GenAI Summit is another recurring topic.
Regulatory and capital markets developments are covered as well, including Nasdaq listing notices, delisting decisions, and the transition of trading to the OTC Pink Market. Readers can also expect updates on strategic agreements, such as the Cooperation Agreement to expand manufacturing capacity in China, and news about executive appointments and leadership changes. For those tracking the commercial EV sector, Phoenix Motor’s news feed provides insight into contracts, partnerships, manufacturing expansion, and corporate developments that shape its role in electric transportation.
Phoenix Motors (NASDAQ:PEV) has announced its participation in the Advanced Clean Transportation (ACT) Expo, scheduled for April 28 to May 1 at the Anaheim Convention Center. The company, a leading manufacturer of heavy-duty transit buses and electrification solutions for medium-duty vehicles, will showcase its next-generation product portfolio at booth #4891.
CEO Denton Peng emphasized the expo's significance as an opportunity to demonstrate their cutting-edge products and connect with industry stakeholders who share their vision for sustainable transportation. The event will feature sessions, panel discussions, and live demonstrations, bringing together industry leaders and innovators focused on advancing clean transportation solutions.
Phoenix Motor Inc. has formally appealed Nasdaq's delisting determination following the trading halt of its stock (PEV) on April 15, 2025. The suspension resulted from non-compliance with the minimum bid price requirement and failure to hold a 2024 annual shareholder's meeting.
The company has requested a hearing before the Nasdaq Hearings Panel and initiated transition to over-the-counter (OTC) trading. To address compliance issues, the Board is recommending shareholders approve a reverse stock split with a ratio range of 1-for-1.5 to 1-for-5. Additionally, the company has scheduled its annual shareholder meeting for April 18, 2025, at its Anaheim headquarters.
Phoenix Motor (NASDAQ:PEV) has announced a strategic partnership with ADASTEC Corp. to develop and deploy 40-foot battery-electric buses with Level-4 automated driving capabilities. The collaboration combines PhoenixEV's zero-emission vehicle manufacturing expertise with ADASTEC's flowride.ai automated driving software platform.
The partnership aims to address the growing demand for sustainable public transit solutions, offering Buy America compliant 35' and 40' battery electric buses equipped with advanced perception, mapping, and decision-making capabilities for driverless operation in designated environments. The initiative targets transit agencies, universities, and municipal operators.
The first vehicle from this collaboration is scheduled to debut later this year, with demonstration pilots planned for early 2026. The automated electric buses are designed to help address labor shortages while improving service reliability in public transportation.
Phoenix Motor (Nasdaq: PEV) and InductEV have unveiled the world's first commercially available medium-duty electric shuttle bus with wireless inductive charging capabilities. The groundbreaking integration enables hands-free charging at designated locations, eliminating the need for traditional plug-in systems.
The wireless charging technology allows for opportunity charging during brief stops, extending vehicle range and operational hours. Key benefits include:
- Maximized uptime through automated charging
- Reduced infrastructure footprint
- Lower maintenance costs
- Enhanced safety by eliminating cable-related risks
- Scalable operations without major infrastructure changes
The solution can be applied across PhoenixEV's vehicle catalog, including electric trucks and Type A school buses, making zero-emission transportation more accessible and efficient for fleet operators.
Phoenix Motor (NASDAQ:PEV) has announced a significant share repurchase program approved by its Board of Directors, authorizing the buyback of up to $5 million of its outstanding common stock. The company, which specializes in manufacturing heavy-duty transit buses and providing electrification solutions for medium-duty vehicles, will execute the buyback through open market purchases and private transactions.
CEO Denton Peng stated that the current share price undervalues Phoenix Motor's long-term prospects, emphasizing that the repurchase program demonstrates confidence in the business while maintaining disciplined capital allocation. The program's implementation will be influenced by various factors including market conditions, share price, and regulatory considerations, with no obligation to repurchase a specific number of shares.
Phoenix Motor Inc. (NASDAQ:PEV), a manufacturer of heavy-duty transit buses and electrification solutions, announces an exclusive investor webinar scheduled for May 6, 2025, at 4:15 p.m. ET. The event, hosted by RedChip Companies, will feature CEO Denton Peng.
The company has achieved significant milestones with its vehicles accumulating over 60 million all-electric miles, resulting in more than $30 million in fuel cost savings. Phoenix Motor projects substantial growth with:
- 2024 revenue forecast of $30-31 million, a tenfold increase from $3 million in 2023
- Expected positive net income in 2024, improving from previous year's loss
- 2025 revenue projection of $40-50 million
The webinar will include a live Q&A session, with pre-submission of questions available via PEV@redchip.com.
Phoenix Motor (Nasdaq: PEV) has announced the postponement of its Annual Meeting of Stockholders, which was originally scheduled for March 21, 2025, at 11:00 AM Pacific Time. The company will determine and announce a new date for the Annual Meeting in the future. Additional information regarding the rescheduled meeting date and potential new record date will be provided once available.
Phoenix Motor (NASDAQ:PEV) announced that its subsidiary EdisonFuture International has signed a strategic agreement with Beijing Guorun Venture Capital to establish a RMB 1 billion (USD 140 million) M&A investment fund. The fund will support the acquisition and development of EV manufacturing sites in China.
Under the agreement, Guorun will create a specialized M&A investment entity to acquire strategic EV production assets, including land, factories, equipment, and intellectual property in China, as designated by EdisonFuture International. The partnership aims to integrate Phoenix's EV technologies with China's supply chain ecosystem to create a cost-efficient platform serving both domestic and international markets.
EdisonFuture International, based in Hong Kong, serves as Phoenix Motor's global expansion arm targeting Asia, Europe, and South America. This initiative aims to establish the company's presence in China's EV market while optimizing operational efficiencies and cost structures.
Phoenix Motor (NASDAQ:PEV) has announced a new initiative to develop autonomous robots for package pickup and last-mile delivery, expanding upon its recent autonomous food and beverage delivery vehicle program. The company aims to create a comprehensive ecosystem for automated logistics solutions.
The development will begin with a pilot program focusing on e-commerce and local package delivery. The autonomous robots will feature:
- AI-powered navigation
- Obstacle detection
- Secure compartmentalized storage
The robots are designed for both B2C and B2B applications, targeting various industries including retail, logistics, and healthcare, offering on-demand, contactless deliveries.
Phoenix Motor (NASDAQ:PEV) has secured a $6 million loan financing agreement with J.J. Astor & Co. to support expansion and production growth. The funding will be provided in two tranches: an initial $4 million followed by an additional $2 million upon approval through senior secured convertible promissory notes.
The financing will enable Phoenix Motor to scale production and fulfill pending orders for electric transit buses, strengthening its position in the zero-emission transportation market. The company aims to meet growing demand from transit agencies, municipalities, and corporate fleets.
According to market projections, the commercial electric vehicle sector is expected to grow at a 26.4% CAGR, reaching $55.9 billion by 2029.