Phoenix Motor predicts record revenue growth for 2025

In Anaheim, California, on May 7, 2025, Phoenix Motor Inc., a prominent manufacturer of electric vehicles, announced an upcoming webinar to discuss the company’s financial performance for fiscal year 2024, scheduled for June 4, 2025. The event will feature a live Q&A session with the management team, including CEO Denton Peng and CFO Michael Yung, who will provide insights about the company’s projected revenue of $30.7 million to $31.2 million, a significant increase from the previous year’s revenue of $3 million. Additionally, they anticipate reporting a positive net income, marking a notable recovery from their losses in the prior year. The leadership team will also highlight the company's continued dedication to zero-emission commercial transportation solutions, reflecting a growing demand in the electric vehicle market. Phoenix Motor operates with dual branding strategies: the “Phoenix” brand focuses on heavy and medium-duty electric vehicles, including transit and school buses, whereas “EdisonFuture” is aimed at the light-duty electric vehicle sector. The webinar offers investors and enthusiastic participants a chance to engage with the leadership about the company’s growth trajectory and plans moving forward. It serves as a platform for Phoenix Motor to communicate its strategies for enhancing its market influence amid increasing interest in electric vehicles, particularly for commercial applications. The encouraging projections for 2025 indicate that Phoenix Motor expects to generate revenues between $40 million to $50 million, signaling a robust recovery and expansion in the customer base. This expected revenue increase is attributed to the company's positioning as a leader in zero-emission vehicles and its response to market trends favoring environmentally friendly transportation solutions. The leadership's focus on transparency with investors through such events is likely to strengthen trust, positioning Phoenix Motor favorably against competitors in the rapidly evolving electric vehicle landscape. Furthermore, Phoenix Motor's forward-looking statements do emphasize the challenges that lie ahead. The company acknowledges the uncertainties regarding factors such as market acceptance of new products, competitive pressures, and the economic climate. Their ongoing efforts to secure necessary capital and components are critical for sustaining growth and meeting projected demands. While the management remains optimistic about the future, potential investors are reminded to consider the risks mentioned in their annual reports.