Phoenix Motor Reschedules Q1 Earnings Call to September 23

The Company reiterates its record revenue guidance for Q1 2024

ANAHEIM, CA / ACCESSWIRE / September 9, 2024 / Phoenix Motor Inc. (Nasdaq:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today reiterated its guidance for the first quarter of 2024. The Company expects to report a record $9.4 million in revenue for the first quarter, exceeding the previously issued guidance range of $8 million to $9 million. The record quarterly revenue represents a significant increase from the $1.8 million recorded in the first quarter of 2023, which was the company's previous record revenue quarter. Phoenix Motor also expects to report record gross profit and record net income for the first quarter of 2024.

Updated Q1 2024 Conference Call Details:

The Company has rescheduled its first quarter 2024 earnings call to Monday, September 23, 2024, at 4:30 p.m. ET.

Event:	Phoenix Motor First Quarter 2024 Financial Results Conference Call
Date:	Monday, September 23, 2024
Time:	4:30 p.m. Eastern Time
Live Call:	[phone] (U.S. Toll-Free) or [phone] (International)
Webcast (audio only)	https://viavid.webcasts.com/starthere.jsp?ei=1672558&tp_key=9373f16cb7
Conf. ID:	13747425

For interested individuals unable to join the conference call, a dial-in replay of the call will be available until October 7, 2024, and can be accessed by dialing [phone] (U.S. Toll Free) or [phone] (International) and entering replay pin number: 13747425.

About Phoenix Motor Inc.

Phoenix Motor, a pioneer in the electric vehicle ("EV") industry, designs, builds, and integrates electric drive systems and manufactures heavy duty transit buses and medium and light duty commercial EVs. Phoenix operates two primary brands, "PhoenixEV", which is focused on commercial products including heavy and medium duty EVs (transit buses, shuttle buses, school buses and delivery trucks, among others) and "EdisonFuture", which intends to offer light-duty EVs. Phoenix endeavors to be a leading designer, developer and manufacturer of electric vehicles and electric vehicle technologies. To learn more, please visit: www.phoenixmotorcars.com.