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 (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.
PhoenixEV (Nasdaq:PEV), a manufacturer of heavy-duty transit buses and electrification solutions provider, has announced a strategic partnership with Noodoe, a provider of AI-driven EV charging software and energy management solutions. The collaboration aims to advance zero-emissions electric transportation by combining PhoenixEV's expertise in electric buses and medium-duty vehicles with Noodoe's innovative software solutions.
The partnership focuses on enhancing intelligent transportation and energy efficiency across North America and beyond. PhoenixEV CEO Denton Peng emphasized the alignment with their commitment to intelligent transportation, while Noodoe CEO Jennifer Chang highlighted the complementary nature of their expertise in manufacturing and charging management solutions.
Phoenix Motor (Nasdaq:PEV) has announced strong financial guidance for 2024-2025, marking a significant turnaround in its business performance. The company projects revenue of $30-31 million for 2024, representing a tenfold increase from $3 million in 2023, along with expectations of positive net income.
Looking ahead to 2025, Phoenix Motor forecasts revenue between $40-50 million, driven by market expansion and increasing demand for their zero-emission commercial vehicle solutions. As a manufacturer of heavy-duty transit buses and electrification solutions for medium-duty vehicles, the company is positioning itself in a commercial EV market projected to grow at a 26.4% CAGR, reaching $55.9 billion by 2029.
Phoenix Motor Inc. (NASDAQ:PEV), a manufacturer of heavy-duty transit buses and electrification solutions provider, announces an exclusive live investor webinar scheduled for March 6, 2025, at 4:15 p.m. ET. The event, hosted by RedChip Companies, will feature CEO Denton Peng.
The company highlights its achievements in zero-emission commercial transportation:
- Over 55 million all-electric miles accumulated
- $30 million saved in fuel costs
- 16 million pounds of carbon emissions reduced (equivalent to 8,100 acres of forest sequestration)
Phoenix Motor's current product portfolio includes electric shuttle buses, school buses, utility trucks, and transit buses. The webinar will include a live Q&A session, with questions accepted both during the event and through pre-submission.
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