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.
PhoenixEV, a subsidiary of Phoenix Motor Inc. (Nasdaq:PEV), has delivered five 40' ZX5 battery electric buses to the University of California, Irvine (UCI) in May 2024. This marks a significant expansion into the educational market for PhoenixEV. UCI, the first university in the nation to go all-electric, has been operating an electric fleet since January 2018, with 25 buses covering over 1.1 million miles. The university's ridership for the 2023-2024 academic year reached 1,464,378, with buses averaging 3,555 miles weekly.
UCI charges its fleet using a state-of-the-art microgrid, resulting in a cost of $0.37 per mile, compared to $1.53 per mile for diesel. This partnership aligns with UCI's commitment to sustainability, aiming to ensure that at least 50% of fleet acquisitions are zero or low-emission vehicles.
Phoenix Motor has updated its guidance for Q1 2024, expecting record revenue of $9.4 million, surpassing the previous guidance of $8 million to $9 million. This marks a substantial increase from the $1.8 million recorded in Q1 2023.
The company also anticipates reporting record gross profit and net income for the quarter.
The first quarter's performance was driven by the acquisition of Proterra's Transit business, which added heavy-duty transit buses to Phoenix's product lineup and boosted overall results despite filing requirement delays.
The Q1 earnings call has been rescheduled to August 15, 2024 at 4:30 p.m. ET.
Phoenix Motor recently announced the acquisition of Proterra's transit bus division, forming the new brand PhoenixEV. This strategic move unites expertise from both companies, significantly strengthening PhoenixEV's position in the zero-emission vehicle market. With over 1,200 electric buses already in operation across the U.S. and over 55 million miles driven, PhoenixEV aims to provide a comprehensive range of sustainable transportation solutions. The combined capabilities cover medium and heavy-duty shuttles, trucks, school buses, and transit buses. PhoenixEV is committed to continuing its leadership in vehicle electrification and supporting its existing customers with continued service and parts support. Additionally, PhoenixEV unveiled a new brand identity and website, reflecting its dedication to advancing zero-emission technology.
Phoenix Motor (Nasdaq:PEV), a company specializing in heavy-duty transit buses and electrification solutions for medium-duty vehicles, has rescheduled its first quarter 2024 earnings call. The new date is Thursday, July 11, 2024, at 4:30 p.m. ET. Interested participants can join the live call via U.S. toll-free or international phone numbers, and an audio-only webcast link is provided. For those who miss the live broadcast, a replay will be available until July 4, 2024, through specified dial-in numbers and a replay pin number.
Phoenix Motor (Nasdaq: PEV), a leading maker of heavy-duty transit buses and electrification solutions for medium-duty vehicles, has rescheduled its first quarter 2024 earnings call to Thursday, June 20, 2024, at 4:30 p.m. ET.
The call can be accessed via phone or webcast. A replay will be available until July 4, 2024.
Phoenix Motor (Nasdaq: PEV), a leading manufacturer in the heavy-duty transit bus and medium-duty vehicle electrification sectors, has rescheduled its first quarter 2024 earnings call. Originally planned for an earlier date, the call will now take place on Thursday, June 6, 2024, at 4:30 p.m. Eastern Time.
Participants can join the live call by dialing +1-877-407-9039 (U.S. Toll-Free) or +1-201-689-8470 (International). An audio-only webcast is also available. For those unable to attend, a replay will be accessible until June 20, 2024, by dialing +1-844-512-2921 (U.S. Toll-Free) or +1-412-317-6671 (International) and using replay pin number: 13746794.
Phoenix Motor announced that it received a delinquency notification letter from Nasdaq on May 22, 2024, due to its failure to timely file its Quarterly Report on Form 10-Q for the period ending March 31, 2024. This non-compliance with Nasdaq Listing Rule 5250(c)(1) does not immediately affect the company's stock listing, which continues to trade under the symbol 'PEV'. According to Nasdaq rules, Phoenix Motor has until July 22, 2024, to submit a plan to regain compliance, potentially extending the deadline to November 18, 2024, if accepted. The company is working to complete and file the Form 10-Q promptly.
Phoenix Motor (Nasdaq:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions for medium-duty vehicles, rescheduled its first quarter 2024 earnings call to May 30, 2024, at 4:30 p.m. ET. The event will provide detailed financial results and updates, accessible via a live call or webcast. For those unable to attend, a replay will be available until June 13, 2024.
Phoenix Motor (NASDAQ:PEV), a key player in the heavy-duty transit bus manufacturing and medium-duty vehicle electrification sectors, will host a conference call on May 23, 2024, at 4:30 p.m. ET to discuss its Q1 2024 financial results. The discussion will cover operational and financial highlights for the quarter ending March 31, 2024. Interested parties can join the call via U.S. Toll-Free at +1-877-407-9039 or internationally at +1-201-689-8470 using the conference ID 13746794. For those unable to attend, a replay will be available until June 3, 2024, by dialing +1-844-512-2921 (U.S. Toll-Free) or +1-412-317-6671 (International) with the replay pin 13746794.
Phoenix Motor Inc. (Nasdaq:PEV) has initiated production of its fourth-generation drivetrain for Class-4 shuttle buses and trucks, marking a significant milestone in their electric commercial vehicle manufacturing journey. The new electric drivetrain is designed to enhance efficiency, safety, and charging speeds, catering to an expanding market of medium-duty EVs.