Phoenix Motor IncNASDAQ PEV Stock Report

Phoenix Motor, Inc. engages in designing and manufacturing electric vehicles. The company is headquartered in Ontario, California. The company went IPO on 2022-06-08. The firm through its wholly owned subsidiaries, Phoenix Cars LLC, Phoenix Motorcars Leasing LLC, and EdisonFuture Motor, Inc., designs, assembles, and integrates electric drive systems and light and medium duty electric vehicles (EVs) markets and sells electric vehicle chargers for the commercial and residential markets. The firm also sells a range of material handling products, including all-electric lithium-ion forklifts and pallet jacks. The company operates through two primary brands, which includes Phoenix Motorcars and EdisonFutur. The company develops and integrates its electric drivetrain into the Ford Econoline Chassis (E-Series), specifically on the Ford E-450. The company develops light and medium duty commercial electric vehicles for various service and government fleet markets, including city fleets, campuses, municipalities and transit agencies, and serves various commercial fleet customers.