お知らせ • Oct 12

Phoenix Motor Failure to Regain Compliance with the Minimum Bid Price Requirement by October 9, 2024 and Believes it Meets Minimum Stockholders’ Equity Requirement

As previously reported, on April 12, 2024, Phoenix Motor Inc. (the ‘Company’) received a letter (the ‘April 12 Deficiency Letter’) from the staff from the Nasdaq Listing Qualifications Department of The Nasdaq Stock Market LLC (‘Nasdaq’) indicating that, based upon the closing bid price of the Company’s common stock for the last 30 consecutive business days, the Company was not in compliance with the requirement to maintain a minimum bid price of $1 per share, as set forth in Nasdaq Listing Rule 5550(a)(2) (the ‘Minimum Bid Price Requirement’). The April 12 Deficiency Letter has no immediate effect on the listing of the Company’s common stock, and its common stock continues to trade on The Nasdaq Capital Market. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company was given 180 calendar days, or until October 9, 2024, to regain compliance with the Minimum Bid Price Requirement. As of October 9, 2024, the Company is not in compliance with the Minimum Bid Price Requirement. The Company may be eligible for additional time. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary. The Company is evaluating available options to resolve the deficiency and regain compliance with the Minimum Bid Price Requirement, and will effect a reverse stock split, if necessary, within the second compliance period. While the Company is exercising diligent efforts to maintain the listing of its common stock on Nasdaq, there can be no assurance that the Company will be able to regain or maintain compliance with Nasdaq listing standards. As previously disclosed, on April 17, 2024, the Company received a letter (the ‘April 17 Deficiency Letter’) from Nasdaq indicating that, based upon the Company’s Form 10-K for the year ended December 31, 2023 (the ‘Form 10-K’), the Company was not in compliance with the requirement to maintain a minimum of $2,500,000 in stockholders’ equity. In the Form 10-K, the Company reported stockholders’ deficit of $4,839,000, which is below the minimum stockholders’ equity required for continued listing pursuant to Nasdaq Listing Rule 5550(b)(1). Additionally, the Company does not meet the alternatives of market value of listed securities or net income from continuing operations under Nasdaq Listing Rules. The April 17 Deficiency Letter has no immediate effect on the listing of the Company’s common stock, and its common stock continues to trade on The Nasdaq Capital Market. On October 3, 2024, the Company filed its Quarterly Report on Form 10-Q for the period ended March 31, 2024, which reported stockholders’ equity of approximately $23.7 million, which exceeds the minimum stockholders’ equity required for continued listing under Nasdaq Listing Rule 5550(b)(1). As of the date of this report, the Company believes it meets both the $5 million minimum stockholders’ equity requirement for initial listing and has regained compliance with the stockholders’ equity requirement for continued listing. In its Quarterly Report on Form 10-Q for the period ended June 30, 2024, the Company expects to report stockholders’ equity of approximately $18 million. This projection is based on the Company’s current expectations regarding revenues, expenditures, cash burn rate, financing activities and other operating assumptions. Nasdaq will continue to monitor the Company’s ongoing compliance with the stockholders’ equity requirement and, if at the time of its next periodic report the Company does not evidence compliance, that it may be subject to delisting. At that time, the Company may appeal any such delisting determination to a Nasdaq hearings panel.

Seeking Alpha • Jul 07

Phoenix Motor Stock: 3 Key Risks That Point To Further Declines

PEV stock has lost half of its value since debuting on Nasdaq on June 8th. Phoneix Motor, the small-scale commercial EV maker, has big aspirations of transitioning into the passenger EV sector for participation into greater growth opportunities ahead. But considering its previous cash crunch and only $14-million raised from its recent IPO, PEV will need further capital raising to support the investment outlay on its ongoing R&D efforts. Phoenix Motor (PEV) stock was one of the biggest losers on Tuesday (July 5th) trading after the market reopened from the Independence Day long weekend. The stock lost more than 20% of its value overnight, a stark contrast to its late June rally. Despite a brief relief rally on Wednesday (July 6th), the stock is once again in the red today (July 7th), and is now trading at close to a 50% discount to its IPO price of $7.50 apiece. While company valuations have been battered across the board with rising borrowing costs and surging inflation threatening a recession, PEV’s recent losses in market value is likely a reflection of its idiosyncratic risks. Considering PEV’s legacy business in the development and sales of electric commercial vehicles that primarily relies on third-party technologies and components, its current operational prospects are exposed to significant vendor concentration risks. Recognizing the issue, as well as the massive market opportunities within the emerging electric vehicle (“EV”) sector in coming years, PEV is now pitching a pivot to the development of its proprietary electric vehicle (“EV”) platform from ground-up, accompanied by the introduction of a new passenger EV brand to service the consumer segment. However, with much of its current aspirations still in early development stage, and a legacy business that has consistently incurred losses over the past 20 years of operations, the investment outlay ahead will be a significant burden on PEV’s balance sheet. The company faced “substantial doubt” on its ability to continue as a going concern as of December 31, 2021, and the capital raised during its early-June IPO was merely a lifeline that foreshadows the beginning of more equity fundraising, and inadvertently, dilution to come. PEV exhibits substantial investment risks that could potentially hamper its ability to capitalize on upsides in tandem with the EV sector’s rapid growth trajectory. The combination of imminent share dilution and over-reliance on a concentrated volume of vendors over at least the next two years – the anticipated timeline in which PEV is expected to deliver its own proprietary products – means the stock will likely face further price declines ahead, especially under the current market climate. Phoenix Motor Business and IPO Overview PEV currently operates under two brands: 1) Phoenix Motor, and 2) EdisonFuture. Phoenix Motor: Phoenix Motor refers to PEV’s primary legacy business, which partakes in the development and sales of commercial electric vehicles, such as medium-duty EVs and electric forklifts, under its “Zero-Emission Commercial Product Line”. Phoenix Motor’s medium-duty EV offerings, priced between $165,000 to $220,000, are represented by the “Zero-Emission Utility Shuttle” or “ZEUS” product line, which includes the ZEUS 400 Electric Shuttle Bus, ZEUS 500 Electric Trucks, and ZEUS 600 Electric Type A School Bus. The electric drivetrain that powers the ZEUS product line was developed by PEV. With range capability of 160 miles on a single charge, PEV claims that its ZEUS product line boasts the “longest electric range for any Class 4 product on the market”. In addition to selling the fully assembled ZEUS vehicles, PEV also sells “kits” for its proprietary drivetrain to OEMs for integration into their commercial EVs. PEV currently operates under an “asset light” business model, with significant reliance on technologies provided by third-party vendors, and manufacturing and sales capabilities offered by third-party service providers. For example, the ZEUS drivetrain is specifically designed for integration into Ford’s (F) “E-450 Superduty Chassis”. This means if Ford discontinues supply of the E-450 base frame, ZEUS would be “on the line” (related risks discussed in sections further below). PEV also places significant reliance on its sales partner “Creative Bus Sales”, the largest bus dealer in the U.S., on marketing and selling its vehicles. With annual in-house production capacity of only 120 vehicles on a single daily shift and 240 vehicles on a double daily shift at its Anaheim facility, PEV also relies significantly on its outsourced production agreement with “Forest River”, one of the largest commercial vehicle manufacturers in the U.S., to assemble its commercial EVs. Phoenix Motor also sells level 2 AC chargers ranging from 7.2 kilowatt to 19.2 kilowatt, and direct-current fast chargers ranging from 30 kilowatt to 350 kilowatt to its existing ZEUS customers. The company intends to expand its charging solution offerings to both “residential and multi-family markets in both networked and non-networked configurations” in the future. In addition to the ZEUS commercial EVs and related charging solutions, Phoenix Motor also offers a range of electric forklifts and pallet jacks designed to accommodate different customer needs. The Class 1 electric forklifts are powered by lithium-ion batteries, with three capacity options ranging 4,000 lbs, 5,000 lbs, and 7,700 lbs. Phoenix Motor also offers three different models of pallet jacks to accommodate different “operation intensity applications”. EdisonFuture: EdisonFuture is a separate brand that PEV has created in 2021 to focus on the development of its light-duty EV offerings. With the help of its design partner “Icona Design” (“Icona”), EdisonFuture debuted its first two concept models – the EF-1 pickup truck and EF-1 V delivery van – at the LA Auto Show in November 2021. The two vehicles are designed to incorporate “distinct features including solar roof, interior solar mosaic, and retractable solar panels for the pickup bed cover”. Based on PEV’s latest Investor Presentation dated May 2022, the anticipated timeline for the launch of a production-ready EF-1 pickup and EF-1 V delivery van is still more than two years out. IPO: PEV went public on June 8th via a traditional IPO, offering 2.1 million shares at $7.50 apiece. Net of underwriter fees “equal to 7% of the gross proceeds of the offering” and other offering expenses, PEV raised $14.3 million from its IPO. PEV was essentially the EV unit spun-out from SPI Energy (SPI). Following PEV’s debut on Nasdaq, SPI Energy’s stake in the EV company falls from 100% to 83.9%, held via its wholly-owned subsidiary and PEV’s direct parent company EdisonFuture, Inc. PEV Pre-IPO Org Structure (PEV Form S-1) PEV Pre-IPO Org Structure (PEV IPO Prospectus) The PEV stock lost about half of its value immediately following the June 8th IPO, but recovered during a strong two-day rally in late June. However, the stock has been on a consistent decline since, trading at an approximately 50% discount to its IPO price again despite broad-based gains observed across the EV sector on July 5th. Given a market cap of about $70 million, and post-IPO net cash of about $14.2 million (i.e. IPO net proceeds $14.3 million + $66K cash and cash equivalents as of March 31, 2022 –$178K long-/short-term borrowings as of March 31, 2022), PEV’s current enterprise value is estimated at about $55.8 million (i.e. market cap $70 million, less post-IPO net cash $14.2 million). Using PEV’s confirmed backlog orders of 37 vehicles valued at $4.1 million per its February 2022 Roadshow Presentation as a proxy for projected forward sales, which is consistent with prior year results (2021: $3.0 million; 2020: $4.5 million; 2019: $4.0 million), the stock is trading at forward EV/sales of about 13.6x. This compares to the peer average of about 11.3x EV/’22 sales – or 92.0x inclusive of Fisker’s (FSR) EV/’22 sales valuation multiple of 334.0x – and 4.5x EV/’23 sales (range: 1.3x to 8.3x). PEV Estimated Forward EV/Sales (Author) Considering PEV’s significant concentration risks, duration-characterized business nature given its infancy stage of development, and high financial risks pointing to significant share dilution in the near-term, the stock’s current valuation premium over the EV industry average will likely diminish further. Key catalysts required for a structural turnaround would include significant milestones (e.g. final design lock-in, advanced testing, launch of production-ready products, start of productions, etc.) to PEV’s current development of its proprietary “Ground-Up Platform” and light-duty EVs, which is slated for 2024 and beyond, and continued acceleration to its order book growth. 1. Concentration Risks Based on PEV’s disclosure on concentration risks in its Form S-1 filing, the company had three customers representing 19.1%, 18.9% and 12.9% of its consolidated revenues as of December 31, 2021. This is consistent with our understanding of PEV’s commercial EV business operates at a significantly smaller scale compared to peers in the electric class 4 vehicle business like Ford and Blue Bird Corporation (BLBD). Over the past three years, PEV’s revenues generated from its commercial EV business had spanned from $3.0 million to $4.5 million on an annual basis, which is equivalent to sales of about 15 to 23 vehicles per year based on an average sale price of $192,500. With the majority of its customers being fleet operators, it is not unusual for one to account for a double-digit percentage of PEV’s annual sales. Meanwhile, it is the concentration of PEV’s vendors that is of concern. The company had one vendor representing 31.0% of its total purchases made in the year ended December 31, 2021. While the name of the specific vendor is not disclosed, it is likely Ford, which supplies PEV with the E-450 chassis that the entire ZEUS class 4 EV product line is built on. PEV’s significant reliance on the E-450 chassis from Ford raises several concerns on the sustainability of its commercial EV business. First is PEV’s continued exposure to risks of high accommodation costs. The current drivetrain in which PEV has developed for its ZEUS product line is designed for integration into Ford’s E-450 chassis released in the 2019 model year. However, based on PEV’s Form S-1 filing, the newest Ford E-450 chassis released in the 2021 model year had significant alterations that would require PEV’s existing drivetrain for its ZEUS vehicles be re-engineered. Specifically, the current “GEN-3” drivetrain system introduced in 2021, which is due for an updated release by the third quarter, had to be redesigned to accommodate both the 2019 and 2021 model year E-450 chassis. This underscores the requirement for additional costs that could potentially delay PEV’s margin expansion trajectory, and risk the continuation of recurring losses that have been a significant cash burden on the company since its inception. PEV’s significant reliance on Ford’s supply of E-450 chassis also risks holding back its ability to fund the development of the new EdisonFuture passenger EV brand, as well as its proprietary Ground-Up Platform, considering the high accommodation costs required to sustain its current legacy commercial EV operations. PEV’s next-generation “GEN-4” drivetrain for the ZEUS product line, scheduled for launch in the fourth quarter, is also designed for integration into Ford’s E-450 chassis. It is not until 2024 when PEV’s proprietary Ground-Up Platform is expected to enter productions. This means PEV will continue to be exposed to risks of higher accommodation costs should Ford’s E-450 chassis specifications change again over the next two years. Considering the rapid evolution of electrification needs within the transportation sector in recent years, as well as Ford’s significant investments into its electrification efforts, it is highly likely that the blue oval brand’s class 4 chassis offerings will see further changes in coming years, which creates a significant overhang on PEV’s commercial EV margins in the near-term. PEV’s significant reliance on Ford’s E-450 chassis also makes it a price-taker within the increasingly competitive EV landscape. And PEV’s small scale of operations further exacerbates the situation, given its order volumes are likely insufficient to secure improved supply pricing, adding to the myriad of factors that continue to weigh on PEV’s margin expansion prospects. Especially under the current operating environment, where the automotive industry is experiencing one of the worst supply chain snarls in the industry, PEV’s concentrated reliance on Ford’s base frames subjects the business to significant risks of inflated input costs and delivery delays. This is further corroborated by the fact that PEV has not entered into any long-term supply contracts with its vendors to guarantee pricing and availability on vital parts and components for its vehicles (except battery supplies), despite its existing business’ significant reliance on Ford’s chassis to sustain operations. PEV also lacks competitive advantage within the increasingly crowded commercial EV market given its continued reliance on a sole third-party’s base frame offering. With its sole base frame supplier Ford – one of the best-selling light- and medium-duty commercial vehicle brands in the U.S. – accelerating its electrification efforts, it is likely that PEV’s small market share will diminish further in the near-term, worsening the already beleaguered business. 2. Infancy Stage of Development The electric light- and medium-duty commercial vehicle market exhibits significant growth opportunities over the next decade, especially with increasing adoption momentum buoyed by lowered total ownership costs, increasing availability of fast charging solutions to accommodate, and improved battery technologies aimed at accommodating fleet operators’ needs. Global demand for electric medium-duty vehicles – like those offered by PEV’s existing Phoenix Motor business – is expected to expand rapidly over coming years, with related sales estimated to advance at a compounded annual growth rate (“CAGR”) of more than 13% over the next five years and more than 17% through to 2030. While the above market growth projections portray favourable trends for PEV, the infancy stage of its pivot in corporate strategy from reliance on third-party EV technologies to developing its own proprietary technologies might limit its ability in capitalizing on related opportunities in time. For one, PEV’s continued reliance on Ford’s chassis in its next-generation drivetrains, as discussed in earlier sections, could further hamper the company’s already-slow market share growth. And having both of its longer-term growth initiatives – namely the development of the proprietary Ground-Up Platform and the brand-new EdisonFuture light- and medium-duty EV product line – still in early concept phase does not make the situation any better. PEV is in a particularly troublesome disadvantage, considering how both legacy automakers and upstarts competing for market share gains in the light- and medium-duty commercial EV market have already either launched production-ready prototypes or are already in process of scaling up sales and productions. Based on material disclosed per its IPO filings to date, PEV has nothing more than design concepts for its upcoming new offerings. There is no concrete timeline for start of productions on the Ground-Up Platform nor the EF-1 pickup trucks and EF-1 V delivery vans, with the ballpark launch date delayed from “2023 and beyond” to “2024 and beyond” within a matter of just months between the January 2022 Roadshow Presentation and the May 2022 Investor Presentation. This implies that the company may still be a long way from even finalizing a plan for key development milestones, such as locking in designs, parts and components, prototypes and testing. PEV Planned Development Timeline (PEV January 2022 Roadshow Presentation) PEV Planned Development Timeline (PEV May 2022 Investor Presentation) There is also lacking context on whether PEV’s new developments will place significant reliance on third-party technologies again. The company seems to be relying significantly on its design partner Icona for its future offerings, with only one in-house technical expert in autonomous driving that has recently been hired to specifically accommodate the development of its Ground-Up Platform. Although autonomous driving technology development is a lengthy, costly and difficult process, we do believe PEV’s consideration to incorporate it in its next-generation offerings is a step in the right direction. Meanwhile, based on disclosures within its Form S-1 filing, the company has no intentions of developing its own battery technology, and plans to rely on third-party vendors to “meet the technological requirements, production timing and volume requirements to support [PEV’s] business plan”. It is currently uncertain whether the disclosure intends to convey that PEV will be relying on third-party battery supplies, which is not unusual within the EV industry, or if the company intends to incorporate “off-the-shelf” battery technology offerings into its next-generation vehicle and platform offerings. The latter option could imply that PEV will lack competitive advantage within the heated “range race” that has already taken place within the sector, and further prohibit its market share gain prospects in the long-run. With regards to PEV’s planned EdisonFuture offerings, the company also has big goals of incorporating unique features, such as solar charging capabilities, into the new brand’s vehicles. While PEV’s relationship with parent company SPI Energy – a leading photovoltaic solutions provider – might have potentially played a role in the EV maker’s solar roof aspirations, it will likely be a costly endeavour to develop and scale in the long-run. The only two production-ready vehicles that have successfully incorporated solar roofs right now are Hyundai’s Ioniq 5 (HYMTF / HYMPY / HYMPF) and the Fisker Ocean (start of productions November 2022). Let’s take the Fisker Ocean SUV as a gauge for EdisonFuture’s potential investment outlay, considering the consistency of Fisker’s “asset light” business model with PEV’s. Fisker raised $1 billion via a reverse SPAC merger with Spartan Energy Acquisition Corp. in October 2020. All proceeds from the transaction were allocated towards the “development of the Fisker Ocean program through the planned start of production in Q4 2022”. Fisker has also provided regular spending updates on its Fisker Ocean program in past earnings calls, indicating it has already spent hundreds of millions of dollars on the development of its flagship SUV.

スノーフレーク・スコア
評価	2/6
将来の成長	0/6
過去の実績	0/6
財務の健全性	2/6
配当金	0/6

過去の株価
現在の株価	US$3.76
52週高値	US$12.00
52週安値	US$1.94
ベータ	1.34
1ヶ月の変化	-17.57%
3ヶ月変化	-24.80%
1年変化	-49.83%
3年間の変化	-90.68%
5年間の変化	n/a
IPOからの変化	-98.15%

	PEVM	US Auto	US 市場
7D	-9.0%	3.8%	3.2%
1Y	-49.8%	36.4%	31.0%

PEVM volatility
PEVM Average Weekly Movement	31.4%
Auto Industry Average Movement	10.2%
Market Average Movement	7.1%
10% most volatile stocks in US Market	16.1%
10% least volatile stocks in US Market	3.2%

PEVM 基礎統計学
時価総額	US$5.03m
収益（TTM）	-US$14.62m
売上高(TTM)	US$14.57m

PEVM 損益計算書（TTM）
収益	US$14.57m
売上原価	US$10.02m
売上総利益	US$4.55m
その他の費用	US$19.18m
収益	-US$14.62m

一株当たり利益（EPS）	-10.93
グロス・マージン	31.25%
純利益率	-100.33%
有利子負債／自己資本比率	96.2%

データ	最終更新日（UTC時間）
企業分析	2026/05/08 12:22
終値	2026/05/06 00:00
収益	2025/09/30
年間収益	2024/12/31

パッケージ	データ	タイムフレーム	米国ソース例
会社財務	10年	損益計算書キャッシュ・フロー計算書貸借対照表	SECフォーム10-K SECフォーム10-Q
アナリストのコンセンサス予想	+プラス3年	予想財務アナリストの目標株価	アナリストリサーチレポート Blue Matrix
市場価格	30年	株価配当、分割、措置	ICEマーケットデータ SECフォームS-1
所有権	10年	トップ株主インサイダー取引	SECフォーム4 SECフォーム13D
マネジメント	10年	リーダーシップ・チーム取締役会	SECフォーム10-K SECフォームDEF 14A
主な進展	10年	会社からのお知らせ	SECフォーム8-K

Phoenix Motor（PEVM）株式概要

リスク分析

Phoenix Motor Inc. 競合他社

Cenntro

Fly-E Group

Robo.ai

Envirotech Vehicles

価格と性能

最新ニュース

Phoenix Motor Inc. Announces Resignation of Julia Yu from the Board, Effective February 16, 2026

Phoenix Motor Inc., Annual General Meeting, Dec 23, 2025

The Nasdaq Stock Market to Delist the Common Stock of Phoenix Motor

Nasdaq Hearings Panel Determines to Deny Phoenix Motor Inc.'s Request to Continue Its Listing on Nasdaq

Phoenix Motor Inc. announced delayed 10-Q filing

Phoenix Motor Announces Receipt of Nasdaq Listing Delinquency Letter

Recent updates

Phoenix Motor Inc. Announces Resignation of Julia Yu from the Board, Effective February 16, 2026

Phoenix Motor Inc., Annual General Meeting, Dec 23, 2025

The Nasdaq Stock Market to Delist the Common Stock of Phoenix Motor

Nasdaq Hearings Panel Determines to Deny Phoenix Motor Inc.'s Request to Continue Its Listing on Nasdaq

Phoenix Motor Inc. announced delayed 10-Q filing

Phoenix Motor Announces Receipt of Nasdaq Listing Delinquency Letter

Phoenix Motor Inc.(OTCPK:PEVM) dropped from S&P TMI Index

Phoenix Motor Inc.(OTCPK:PEVM) dropped from NASDAQ Transportation Index

Phoenix Motor Receives a Notice from the Staff of the Nasdaq Stock Market

Phoenix Motor Inc. announced delayed annual 10-K filing

Phoenix Motor Inc., Annual General Meeting, Mar 21, 2025

Even With A 28% Surge, Cautious Investors Are Not Rewarding Phoenix Motor Inc.'s (NASDAQ:PEV) Performance Completely

New major risk - Shareholder dilution

Third quarter 2024 earnings released: US$0.15 loss per share (vs US$0.13 loss in 3Q 2023)

Less than half of directors are independent

Phoenix Motor Announces Receipt of Nasdaq Delisting Notice

Phoenix Motor Inc. announced delayed 10-Q filing

Market Cool On Phoenix Motor Inc.'s (NASDAQ:PEV) Revenues Pushing Shares 57% Lower

The Nasdaq Stock Market LLC Grants Phoenix Motor's Request for an Additional 180 Calendar Day Period, or Until April 7, 2025, to Regain Compliance with the Minimum Bid Price Requirement

Phoenix Motor Failure to Regain Compliance with the Minimum Bid Price Requirement by October 9, 2024 and Believes it Meets Minimum Stockholders’ Equity Requirement

First quarter 2024 earnings released: EPS: US$0.49 (vs US$0.13 loss in 1Q 2023)

Phoenix Motor Inc. Reiterates Its Guidance for the First Quarter of 2024

Phoenix Motor Announces Receipt of Nasdaq Listing Delinquency Letter

Less than half of directors are independent

Phoenix Motor Updates Earnings Guidance for the First Quarter of 2024

Phoenix Motor Inc. Announces Receipt of Nasdaq Listing Delinquency Letter

Phoenix Motor Inc. announced delayed 10-Q filing

Phoenix Motor Starts Production of Fourth Generation Medium-Duty EVs

Phoenix Motor Receives Deficiency Letter from Nasdaq Regarding Non-Compliance with the Minimum of $2,500,000 in Stockholders’ Equity Requirement Pursuant to Nasdaq Listing Rule 5550(b)(1)

Phoenix Motor Inc. Appoints Michael Yung as Chief Financial Officer

Phoenix Motor Inc. Provides Revenue Guidance for the First Quarter of 2024

Phoenix Motor Appoints Lewis Liu as Chief Operating Officer

Phoenix Motor Inc. announced delayed annual 10-K filing

Phoenix Motor Inc. Appoints Mark Hastings as Chief Financial Officer

Phoenix Motor Inc. has filed a Follow-on Equity Offering in the amount of $1.6 million.

New major risk - Shareholder dilution

Phoenix Motor Inc. has filed a Follow-on Equity Offering in the amount of $4.825826 million.

Phoenix Motor Inc. (NasdaqCM:PEV) acquired Transit business line of Proterra Operating Company, Inc.

Phoenix Motor Inc. Appoints J. Mark Hastings as Chief Investment Officer

Phoenix Motor Inc. to Demonstrate Battery Swap Technology for Commercial Vehicles

Phoenix Motor Inc. (NasdaqCM:PEV) completed the acquisition of Transit business line of Proterra Operating Company, Inc.

Phoenix Motor Inc., Annual General Meeting, Dec 11, 2023

Third quarter 2023 earnings released: US$0.13 loss per share (vs US$0.20 loss in 3Q 2022)

Phoenix Motor Inc. to Report Q3, 2023 Results on Nov 14, 2023

Phoenix Motor Inc. announced that it has received $3.35 million in funding

Phoenix Motor Regains Compliance with Nasdaq Minimum Bid Price Requirement

Palo Alto Clean Tech Holding Engages in Discussions with Phoenix Motor

Phoenix Motor Inc. Appoints Bo Yang as Head of Research & Development for the Hydrogen Business

New major risk - Financial position

Second quarter 2023 earnings released: US$0.15 loss per share (vs US$0.11 loss in 2Q 2022)

Phoenix Motor Inc. to Report Q2, 2023 Results on Aug 15, 2023

Phoenix Motor Inc. Announces Executive Changes

First quarter 2023 earnings released: US$0.13 loss per share (vs US$0.13 loss in 1Q 2022)

Phoenix Motor Inc. to Report Q1, 2023 Results on May 15, 2023

Full year 2022 earnings released: US$0.65 loss per share (vs US$0.83 loss in FY 2021)

Phoenix Motor Inc. to Report Q4, 2022 Results on Mar 29, 2023

Third quarter 2022 earnings released: US$0.20 loss per share (vs US$0.12 loss in 3Q 2021)

High number of new and inexperienced directors

Phoenix Motor Inc. to Report Q3, 2022 Results on Nov 14, 2022

Phoenix Motor Inc. (NasdaqCM:PEV) acquired Hydrogen Fuel Cell Manufacturing Assets of Altergy Systems.

Second quarter 2022 earnings released

Phoenix Motor GAAP EPS of -$0.11, revenue of $1.5M

Phoenix Motor Inc. Announces Resignation of Ron V. Iacobelli as Chief Technology Officer, Effective August 18, 2022

Phoenix Motor Inc. to Report Q2, 2022 Results on Aug 15, 2022