Phoenix Motor reports Q3 revenue $4.8M vs. $0.2M last year

“Phoenix Motor’s (PEV) strong revenue growth this quarter underscores the momentum we are building as we expand our market presence and execute on our strategic initiatives,” said Denton Peng, CEO of Phoenix Motor. “The successful integration of our transit segment and key partnerships in AI and autonomous vehicle technology position us well for future opportunities. We are making meaningful progress in scaling our operations, enhancing innovation, and driving long-term value. With a growing demand for sustainable transportation solutions, we remain confident in Phoenix Motor’s ability to capture market share and advance our mission of electrifying the future.”