PHOENIX MOTOR INC. Stock Price, News & Analysis

Phoenix Motor (OTC Pink:PEVM) has announced a 1-for-5 reverse stock split of its common stock, effective at the close of trading on July 31, 2025. The stock will begin trading on a split-adjusted basis on August 1, 2025, under the same symbol "PEVM" on the OTC Pink Limited Market.

The company's outstanding shares will be reduced from approximately 49,513,370 to 9,902,674. The reverse split will not affect stockholders' ownership percentages or voting rights, except for minor adjustments due to fractional shares. No fractional shares will be issued, and all fractional shares will be rounded up to the nearest whole share.

["No cash payments required for fractional shares - all rounded up to nearest whole share", "Stockholders' percentage ownership and voting rights remain largely unchanged", "Maintains same trading symbol for continuity"]

Phoenix Motor (OTC:PEVM) has been awarded "Zero Emission Transit Buses Manufacturer of the Year 2025" by Transportation Review. The recognition comes after the company's successful acquisition of Proterra's transit bus division and highlights their achievements in electric transit solutions.

The company's ZX5 platform features advanced composite materials and OTA fleet analytics. Phoenix Motor has achieved over 60 million electric miles across its customer base, reducing more than 16 million pounds of carbon emissions. Their buses are deployed at major institutions including Port Authority of NY/NJ, CapMetro, Metrolink, and various universities.

Phoenix Motor Inc. (OTC PINK:PEVM) has unveiled its new MEV2/LSV, a low-speed electric delivery vehicle designed for food delivery and last-mile logistics services. The vehicle will be assembled in Anaheim, California, with key components manufactured in Meizhou, China.

The MEV2/LSV, which forms the foundation of Phoenix's new Fleet-as-a-Service (FaaS) offering, features a 15 kWh battery pack delivering up to 120 miles of range per charge. The vehicle is electronically limited to 25 mph and includes DC fast-charging capability. Available in standard colors (red, blue, orange, and green), the vehicle can be purchased using both traditional currency and cryptocurrencies.

Production pilots are scheduled to begin in Q4 2025, with customer deliveries starting in the same quarter. The vehicle will be part of a comprehensive subscription service that includes leasing, charging, maintenance, and telematics.

Phoenix Motor (OTC PINK:PEV) has announced a major expansion of its global manufacturing capabilities through a strategic agreement in China. The company has secured rent-free access to 1.6 million square feet of EV production facilities in Henan Province for an initial 10-year term, bringing its total global manufacturing footprint to nearly 2 million square feet.

The facility will produce EdisonFuture-branded EVs including EF2 SUV, EF3 crossover, and MEV Series vehicles for Latin American and other international markets. The agreement was made with Shandong Maolin Sida Automobile Co., Ltd. and Mengzhou Enbowei Automobile Technology Co., Ltd., with Phoenix establishing a wholly-owned subsidiary in Mengzhou to manage operations.

Notably, the agreement includes an option for Phoenix to acquire a majority stake in Enbowei after five years of continuous operation. The facility will also serve as a production hub for selected EV components supporting Phoenix's U.S. operations in Anaheim, California and Greenville, South Carolina.

Phoenix Motor (OTC PINK:PEVM) reported its Q1 2025 financial results, with revenue of $4.4 million, down from $9.4 million in Q1 2024. The company achieved a gross margin of 30.9%, up from 26.6% year-over-year, while operating expenses decreased to $3.3 million. Net loss was $2.8 million compared to net income of $16.8 million in Q1 2024.

Key achievements include launching the world's first wirelessly charged medium-duty electric shuttle bus, unveiling 40-foot zero-emission automated buses, and surpassing 60 million zero-emission miles. The company secured strategic partnerships, including a cooperation with Guorun Venture Capital for an RMB 1 billion M&A fund, and won contracts from California DGS and Los Angeles County.

Management projects revenue between $40-50 million for 2025.

Phoenix Motor (PEV) reported exceptional financial results for FY2024, with revenue surging 898% to $31.1M from $3.1M in FY2023. The company achieved a remarkable turnaround with net income of $7.9M, compared to a $20.6M loss in the previous year. Gross profit improved to $7.1M with a 23.6% margin. Key developments include the acquisition of Proterra's transit business, securing major customer orders, launching wireless charging technology, and establishing an AI R&D center. The company strengthened its leadership team, raised $17.1M through financing, and initiated a $5M share repurchase program. Management projects FY2025 revenue of $40-50M as Phoenix expands its presence in the commercial EV market.

Phoenix Motor (OTC PINK:PEVM), a manufacturer of heavy-duty transit buses and electrification solutions for medium-duty vehicles, will host a webinar on June 4, 2025, at 4:15 p.m. ET to discuss its fiscal year 2024 financial results. The company projects 2024 revenue between $30.7-31.2 million, representing a more than tenfold increase from $3 million in 2023, and expects to report positive net income, marking a significant turnaround from previous losses. For 2025, Phoenix Motor forecasts revenue of $40-50 million, driven by market expansion and strong demand for its zero-emission commercial vehicle solutions. The webinar will feature CEO Denton Peng, CFO Michael Yung, COO Lewis Liu, CRO Jose Paul Plackal, and CTO Tony Zhou, followed by a Q&A session.

Phoenix Motor (OTC:PEVM) has raised its 2024 revenue guidance to $30.7-$31.2 million, up from its previous March forecast. This new guidance represents a more than tenfold increase from 2023's revenue of $3 million. The company, which manufactures heavy-duty transit buses and provides electrification solutions for medium-duty vehicles, also reaffirmed its 2025 revenue target of $40-$50 million.

CEO Denton Peng cited robust traction across transit bus and electrification segments, with growing backlog and expanded customer base. The company expects to achieve positive net income for 2024. With the commercial EV market projected to reach $55.9 billion by 2029, Phoenix Motor aims to capitalize on industry growth through new product introductions and geographic expansion.