PHOENIX MOTOR INC. Stock Price, News & Analysis

Phoenix Motor (OTC PINK:PEVM) announced that its subsidiary EdisonFuture has partnered with JustGo to launch a last-mile community delivery business. The collaboration will initially deploy 200 EdisonFuture MEV2/LSV electric vehicles in Orange County, California.

The partnership introduces an Electric Fleet-as-a-Service (EFaaS) model, with plans to evolve into a Robot Fleet-as-a-Service (RFaaS) system. EdisonFuture will provide vehicles, maintenance, service, and funding, while JustGo manages operations. The MEV2/LSV vehicle features a 15 kWh battery with 120-mile range, specifically designed for food delivery platforms like Uber Eats, DoorDash, and Instacart.

Additional pilot deliveries are expected in Q4 2025, targeting the multi-billion-dollar U.S. food and last-mile delivery market through a subscription-based model combining leasing, charging, maintenance, and telematics services.

PhoenixEV (OTC PINK:PEVM) announced its participation in the APTA TRANSform Conference & EXPO from September 14-17, 2025, in Boston, where it will showcase its complete line of electric vehicles at Booth #241.

The company highlights its strong market position with over 60 million zero-emission miles logged, a $200 million order backlog, and 40% market share in the North American electric transit bus market. PhoenixEV's product lineup includes heavy-duty transit buses, medium and light-duty commercial EVs, and will debut its new California-assembled MEV2/LSV Mini-EV for last-mile delivery operations.

With over 1,300 vehicles delivered across transit and fleet markets, PhoenixEV emphasizes its Buy America compliance and strategic partnerships in wireless charging, AI-driven optimization, and autonomous bus technology.

Phoenix Motor (OTC PINK:PEVM), a leading manufacturer of heavy-duty transit buses and electrification solutions, will host an investor webinar on September 2, 2025, at 4:15 p.m. ET. The event will feature CEO Denton Peng and PhoenixEV CEO John Walsh.

The company designs and manufactures zero-emission vehicles through its PhoenixEV and EdisonFuture brands, including transit buses, delivery vehicles, and light-duty EVs. Phoenix Motor has achieved $26.1M in revenue over the last twelve months and maintains a $200M pipeline of contracted orders and LOIs. The company aims to drive growth through innovation, operational scaling, and strategic acquisitions, including the Proterra transit bus business.

Phoenix Motor (OTC PINK:PEVM) has appointed John Walsh as President of Phoenix Motor and CEO of PhoenixEV, the company's U.S.-based commercial EV brand. Walsh brings over 35 years of leadership experience in transit and electric mobility industries, having previously served as President of EO Charging Americas and Chief Commercial Officer at Proterra.

Walsh will lead PhoenixEV's business strategy and execution across its U.S. operations, focusing on expanding market share in zero-emission transit and commercial fleet sectors. Denton Peng will continue as CEO of Phoenix Motor, overseeing the company's strategic direction, innovation, and global operations.

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.

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.