Phoenix Motor Inc.

Phoenix Motor Inc., operating as "Phoenix Motorcars" through its wholly owned subsidiaries Phoenix Cars LLC, Phoenix Motorcars Leasing LLC, and EdisonFuture Motor, Inc., provides electrification solutions for the commercial vehicle industry and other sectors. The company designs, develops, manufactures, assembles, and integrates electric drive systems and light and medium-duty electric vehicles (EVs). Phoenix operates two main brands: "Phoenix Motorcars," which focuses on commercial products including medium-duty electric vehicles, chargers, and electric forklifts, and "EdisonFuture," which plans to offer light-duty electric vehicles. The company launched its first medium-duty electric drivetrain in 2009 and delivered its first commercial EV in 2014. In 2019, it launched its second generation ("Gen 2") High Power Drive System for the Ford E450 chassis, the E-200. Production of its third generation ("Gen 3") drivetrain (E-300) began in April 2021. The fourth generation ("Gen 4") drivetrain was released in 2024. Over the last six years, Phoenix has developed and deployed all-electric shuttle buses, utility trucks, service trucks, cargo trucks, and flatbed trucks for customers. As of December 31, 2024, the company had delivered a total of 138 EVs to more than 48 customers. Vehicles delivered by Phoenix have accumulated over four million zero-emission miles.