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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Phoenix Motor's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Phoenix Motor's position in the market.
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Rhea-AI Summary
Phoenix Motor Inc. (NASDAQ:PEV) announces an investor update to reveal its initial plans for the recently acquired Proterra Transit business line. The update will be presented in a conference call and webcast on January 25th at 2:00 pm EST. Interested parties can access the live webcast on the company's website or join via telephone.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.03%
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Rhea-AI Summary
Phoenix Motor Inc. (NASDAQ:PEV) has acquired Proterra Transit business line and plans to discuss initial guidance in an update call on January 25th. The acquisition adds heavy-duty transit buses to Phoenix's product line, and the company expects to deliver over 100 transit buses in 2024, generating revenues exceeding $100 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.07%
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Rhea-AI Summary
Phoenix Motor Inc. (NASDAQ:PEV) has completed the acquisition of the Proterra Transit business line from Proterra Inc. and Proterra Operating Company, Inc. This acquisition will add heavy-duty transit buses to Phoenix's existing product line of medium-duty shuttle and school buses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.74%
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Phoenix Motor Inc. (NASDAQ:PEV) announces that its EdisonFuture subsidiary plans to accept Bitcoin as a payment option for its electric pick-up trucks and delivery vans. The decision was driven by a growing interest in Bitcoin, accelerated by the coronavirus pandemic and complex geopolitics, and aims to meet the increasing demand for Web 3 and Artificial Intelligence. Denton Peng, Chairman and CEO, stated that this move represents an investment in the company's digital future to provide more payment choices for customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
15.97%
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Rhea-AI Summary
Phoenix Motor Inc. (Nasdaq:PEV) successfully demonstrated the nation's first autonomous cutaway shuttle bus with Houston METRO in partnership with Perrone Robotics, STV, and AECOM. The bus is FMVSS, ADA, and Buy America-compliant, built on Phoenix's ZEUS electric shuttle bus. The autonomous capability is enabled by TONY AV from Perrone Robotics, utilizing the FTA AIM grant awarded to Houston. The bus will serve TSU and the third ward community.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.88%
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Rhea-AI Summary
Phoenix Motor Inc. (NASDAQ:PEV) plans to demonstrate its Phoenix Exchange Battery Swap Technology for commercial vehicles, aiming to provide efficient electrification solutions. The technology allows for quick battery pack swaps, providing unlimited mile range for electric vehicle fleets and last mile delivery service providers. The company also offers innovative battery lease solutions to reduce upfront capital costs for customers switching to zero emission technology.
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Rhea-AI Sentiment
End-of-Day
-0.72%
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Phoenix Motor Inc. (PEV) has announced an agreement with Rayz Technologies to pre-install Rayz Technologies' LiDAR sensors in its next generation electric vehicles. The Osprey H2 LiDAR sensor offers a detection range of 260m, a maximum range of 320m, and a point cloud data rate of 1.5 million points/second, all at half the power consumption of the industrial norm. The partnership aims to integrate autonomous driving solutions into a wider range of scenarios.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.98%
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Phoenix Motor Inc. (PEV) awarded contract by the Florida Sheriffs Association's Cooperative Purchasing Program to enable Florida school districts to purchase zero-emission battery electric Type-A buses more efficiently. The contract allows any public school in Florida to procure and purchase Phoenix's all-electric Type A school buses at a competitive price without the need for a bid process. The contract is also open to other contracting agencies outside of Florida and is valid for one year with an option to extend to two.
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Rhea-AI Sentiment
End-of-Day
-7.66%
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Phoenix Motor Inc. (Nasdaq:PEV) reported a 30% decrease in net revenues to $0.3 million in Q3 2023 compared to the same period in 2022. The company also announced the acquisition of Proterra Transit business line assets, expanding its offering to include full-size transit buses. Additionally, Phoenix highlighted several recent business developments, including entering the electric school bus market, launching an Electric Retrofit Solutions Business for commercial vehicles, and enabling V2G capability in partnership with Fermata Energy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.77%
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Phoenix Motor Inc. (Nasdaq:PEV) announced the successful bid to acquire the Proterra Transit business line from Proterra Inc., adding heavy-duty transit buses to its existing product line of medium-duty vehicles. This acquisition will expand Phoenix's electrification solutions to include full-size, zero-emission transit buses, complementing its current offerings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.69%
Tags
Phoenix Motor Inc.
Nasdaq:PEV
PEV Rankings
PEV Stock Data
26.72M
5.36M
75.61%
1.98%
0.28%
Automobile Manufacturing
Manufacturing
United States of America
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