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ANAHEIM, CA / May 6, 2024 / Phoenix Motor Inc. (NASDAQ:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, will unveil its new branding at the Advanced Clean Transportation (ACT) Expo at the Las Vegas Convention Center, to be held from May 20-23 at booth #1170.

In addition to the new branding, Phoenix will showcase the wide range of commercial EV solutions, including the 35′ and 40′ transit bus, medium-duty shuttle buses, work trucks, delivery trucks, and Type A School Bus, serving a diverse range of customers, including transit agencies, airport parking companies, cities, school districts, universities and corporate fleets.

“We are thrilled to be showcasing the new Phoenix at ACT Expo. We have integrated our legacy medium-duty business with our legacy medium-duty business, and our presence at the event will highlight the synergies derived from amalgamating the two businesses together,” said Denton Peng, CEO of Phoenix Motor.

The all-electric cutaway shuttle bus powered by Phoenix’s fourth generation drive system will be on display at the show.

If you are interested in meeting with a Phoenix Motor representative while at ACT Expo, please contact marketing@phoenixmotorcars.com.

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, “Phoenix”, 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: https://phoenixev.ai/.

Forward-Looking Statements

This press release contains forward-looking statements, as that term is defined in the Private Litigation Reform Act of 1995, that involve significant risks and uncertainties. Forward-looking statements can be identified through the use of words such as “may,” “might,” “will,” “intend,” “should,” “could,” “can,” “would,” “continue,” “expect,” “believe,” “anticipate,” “estimate,” “predict,” “outlook,” “potential,” “plan,” “seek,” and similar expressions and variations or the negatives of these terms or other comparable terminology. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect the Company’s current expectations and speak only as of the date of this release. Actual results may differ materially from the Company’s current expectations depending upon a number of factors. These risk factors include, among others, those related to our ability to raise additional capital necessary to grow our business, operations and business and financial performance, our ability to grow demand for our products and revenue, our ability to become profitable, our ability to have access to an adequate supply of parts and materials and other critical components for our vehicles on the timeline we expect, the coronavirus (COVID-19) and the effects of the outbreak and actions taken in connection therewith, adverse changes in general economic and market conditions, competitive factors including but not limited to pricing pressures and new product introductions, uncertainty of customer acceptance of new product offerings and market changes, risks associated with managing the growth of the business, and those other risks and uncertainties that are described in the “Risk Factors” section of the Company’s annual report filed on Form 10-K filed with the Securities and Exchange Commission. Except as required by law, the Company does not undertake any responsibility to revise or update any forward-looking statements.

Contact:

Tyler Leach
Marketing Manager
PhoenixEV
909-987-0815
tleach@phoenixmotorcars.com