PEV
Phoenix Motor Inc. Common Stock
Delisted
PEV was delisted on the 14th of April, 2025.
About: Phoenix Motor Inc is an electrification solutions provider for the commercial vehicle industry as well as other industries. It designs, develops, manufactures, assembles, and integrates electric drive systems and light and medium-duty electric vehicles (EVs) and markets and sells electric vehicle chargers for the commercial and residential markets. The company operates two primary brands, Phoenix Motorcars, which focuses on commercial products including medium-duty electric vehicles, chargers, and electric forklifts, and EdisonFuture which intends to offer light-duty electric vehicles.
Employees: 30
Financial journalist opinion
Neutral
Accesswire
2 weeks ago
Phoenix Motor Raises 2024 Revenue Guidance to $30.7M-$31.2M
Company also reaffirms 2025 revenue targeted at $40M-$50M ANAHEIM, CA / ACCESS Newswire / May 6, 2025 / Phoenix Motor Inc. (OTC:PEVM), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced an upward revision to its 2024 revenue guidance, reflecting stronger-than-anticipated customer demand and increased production capacity. The company now expects full-year 2024 revenue to be in the range of $30.7 million to $31.2 million, an increase from its previous guidance issued in March.
Neutral
Accesswire
2 weeks ago
Phoenix Motor Inc. Awarded California DGS Statewide Contract for Zero-Emission Buses
ANAHEIM, CA / ACCESS Newswire / May 5, 2025 / Phoenix Motor Inc. dba PhoenixEV, a leading manufacturer of all-electric, medium- and heavy-duty vehicles, is pleased to announce that it has been awarded a multi-category contract by the California Department of General Services (DGS) for Battery Electric Buses (BEBs). PhoenixEV has been selected for the following vehicle categories: Group 2 - 35-foot Battery Electric Bus (BEB) Group 3 - 40-foot Battery Electric Bus (BEB) Group 18 - Cutaway Battery Electric Bus (BEB) This award enables eligible state and local government agencies across California - including transit authorities, school districts, municipalities, and other public entities - to directly procure PhoenixEV's zero-emission buses through a simplified, pre-approved purchasing process.
Neutral
Accesswire
2 weeks ago
Phoenix Motor Inc. Announces Receipt of Nasdaq Listing Delinquency Letter
ANAHEIM, CA / ACCESS Newswire / May 2, 2025 / Phoenix Motor Inc. (NASDAQ:PEV) (the "Company") today announced that it received a notice (the "Notice") from the Nasdaq Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company is no longer in compliance with Listing Rule 5250(c)(1) due to its failure to file its Annual Report on Form 10-K for the year ended December 31, 2024 (the "Form 10-K"). This matter serves as an additional basis for delisting the Company's securities from Nasdaq.
Neutral
Accesswire
1 month ago
Phoenix Motors To Participate in the Advanced Clean Transportation (ACT) Expo at Anaheim Convention Center
ANAHEIM, CA / ACCESS Newswire / April 16, 2025 / Phoenix Motor Inc. dba PhoenixEV (NASDAQ:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, is excited to announce its participation in the Advanced Clean Transportation (ACT) Expo, taking place from April 28 to May 1 at the Anaheim Convention Center. This prestigious event brings together industry leaders, innovators, and key stakeholders dedicated to advancing transportation solutions that prioritize sustainability and environmental responsibility.
Neutral
Accesswire
1 month ago
Phoenix Motor Inc. Appeals Nasdaq Delisting Determination
ANAHEIM, CA / ACCESS Newswire / April 15, 2025 / Phoenix Motor Inc. (the "Company"), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced that it has formally appealed the Nasdaq delisting determination and is taking proactive steps to protect shareholder value following the trading halt of its common stock (previously traded under: PEV). Hearing Request and Continued OTC Trading As previously disclosed, Nasdaq suspended trading of the Company's common stock effective today, April 15, 2025, due to non-compliance with the minimum bid price requirement and the Company's failure to hold an annual shareholder's meeting in 2024.
Neutral
Accesswire
1 month ago
Phoenix Motor Inc. and ADASTEC Corp. Partner to Launch 40-Foot Zero-Emission Automated Buses
ANAHEIM, CA / ACCESS Newswire / April 8, 2025 / Phoenix Motor Inc. dba PhoenixEV (NASDAQ:PEV), a leading manufacturer of all-electric, medium-duty vehicles, today announced a strategic partnership with ADASTEC Corp., a leading software company specializing in SAE Level-4 automated driving software solutions. Together, the companies will develop and deploy 40-foot battery-electric buses equipped with Level 4 automated driving capabilities, offering a powerful solution to meet the evolving demands of modern public transit.
Neutral
Accesswire
1 month ago
Phoenix Motor and InductEV Launch the World's First Commercially Available, Wirelessly Charged Medium-Duty Electric Shuttle Bus
Plan for a Range of Vehicles Using Wireless Charging to Improve Range and ROI ANAHEIM, CA / ACCESS Newswire / April 2, 2025 / Phoenix Motor Inc., and InductEV Inc. today announced the successful integration of wireless inductive charging capabilities into its medium-duty electric shuttle bus, a world-first for a commercially available vehicle of this type. The integration of InductEV wireless charging enhances the versatility and operational efficiency of electric shuttle buses, setting a new standard for sustainable, high-performance fleet operations, with wireless charging now available as an option when purchasing vehicles from Phoenix.
Neutral
Accesswire
1 month ago
Phoenix Motor Announces Board Approval of $5 Million Share Repurchase Program
ANAHEIM, CA / ACCESS Newswire / March 25, 2025 / Phoenix Motor Inc. (NASDAQ:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced that its Board of Directors has authorized a share repurchase program under which the Company may repurchase up to $5 million of its outstanding common stock. "We believe that our current share price does not fully reflect the underlying value and long-term prospects of Phoenix Motor," said Denton Peng, CEO of Phoenix Motor.
Neutral
Accesswire
1 month ago
Join Phoenix Motor's Exclusive Live Investor Webinar and Q&A Session on May 6
ANAHEIM, CA / ACCESS Newswire / March 24, 2025 / Phoenix Motor Inc. (NASDAQ:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, is pleased to invite investors to a webinar on May 6, 2025, at 4:15 p.m. ET. The exclusive event, hosted by RedChip Companies, will feature Phoenix Motor's CEO, Denton Peng.
Neutral
Accesswire
1 month ago
Phoenix Motor Inc. Announces Postponement of Annual Stockholders Meeting
ANAHEIM, CA / ACCESS Newswire / March 21, 2025 / Phoenix Motor Inc. (Nasdaq:PEV) (the "Company") today announced that it has decided to postpone the Annual Meeting of Stockholders, which was originally scheduled for 11:00 AM Pacific Time today, March 21, 2025. The Company opted to delay the meeting to a future date, which will be determined and announced in due course.
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