- Phoenix Motor reported **$26.2 million in revenue** over the past 12 months and holds a **$200 million backlog** in contracted orders.  **[1879848_tx_379837_1]** **[1879848_tx_379837_6]** 
- The company operates a dual brand strategy, with **Phoenix EV** serving North America (Buy America-compliant) and **EdisonFuture International** targeting global markets, supported by nearly **2 million square feet of manufacturing capacity worldwide**, including a **1.6 million square foot rent-free facility in Asia**.  **[1879848_tx_379837_1]** **[1879848_tx_379837_2]** **[1879848_tx_379837_5]** **[1879848_tx_379837_7]** 
- New initiatives include a **fleet-as-a-service model** and the **MEV2 low-speed vehicle**, with MEV2 customer deliveries expected to commence in **Q4 2025**.  **[1879848_tx_379837_2]** **[1879848_tx_379837_4]** **[1879848_tx_379837_5]** 
- **John Walsh**, the new President of Phoenix Motor and CEO of Phoenix EV, highlighted the company's focus on its core business, innovation, and achieving profitability, while also working towards relisting on NASDAQ.  **[1879848_tx_379837_1]** **[1879848_tx_379837_9]** **[1879848_tx_379837_10]**

PHOENIX MOTOR (PEVM)