Phoenix Motor Expects Record Revenue Growth and Profitability in 2024, With Further Expansion in 2025
Phoenix Motor (Nasdaq:PEV) has announced strong financial guidance for 2024-2025, marking a significant turnaround in its business performance. The company projects revenue of $30-31 million for 2024, representing a tenfold increase from $3 million in 2023, along with expectations of positive net income.
Looking ahead to 2025, Phoenix Motor forecasts revenue between $40-50 million, driven by market expansion and increasing demand for their zero-emission commercial vehicle solutions. As a manufacturer of heavy-duty transit buses and electrification solutions for medium-duty vehicles, the company is positioning itself in a commercial EV market projected to grow at a 26.4% CAGR, reaching $55.9 billion by 2029.
Phoenix Motor (Nasdaq:PEV) ha annunciato una forte previsione finanziaria per il 2024-2025, segnando un significativo cambiamento nelle sue performance aziendali. L'azienda prevede entrate di 30-31 milioni di dollari per il 2024, che rappresentano un aumento di dieci volte rispetto ai 3 milioni del 2023, insieme a aspettative di un reddito netto positivo.
Guardando al 2025, Phoenix Motor prevede entrate comprese tra 40 e 50 milioni di dollari, sostenute dall'espansione del mercato e dall'aumento della domanda per le loro soluzioni di veicoli commerciali a zero emissioni. Come produttore di autobus a lungo raggio e soluzioni di elettrificazione per veicoli a medio carico, l'azienda si sta posizionando in un mercato dei veicoli elettrici commerciali che si prevede crescerà a un CAGR del 26,4%, raggiungendo 55,9 miliardi di dollari entro il 2029.
Phoenix Motor (Nasdaq:PEV) ha anunciado una fuerte guía financiera para 2024-2025, marcando un cambio significativo en su desempeño empresarial. La compañía proyecta ingresos de 30 a 31 millones de dólares para 2024, lo que representa un aumento diez veces mayor que los 3 millones de 2023, junto con expectativas de ingresos netos positivos.
Mirando hacia 2025, Phoenix Motor pronostica ingresos entre 40 y 50 millones de dólares, impulsados por la expansión del mercado y el aumento de la demanda de sus soluciones de vehículos comerciales de cero emisiones. Como fabricante de autobuses de transporte pesado y soluciones de electrificación para vehículos de carga media, la compañía se está posicionando en un mercado de vehículos eléctricos comerciales que se proyecta crecer a un CAGR del 26,4%, alcanzando 55,9 mil millones de dólares para 2029.
피닉스 모터 (Nasdaq:PEV)는 2024-2025년을 위한 강력한 재무 가이던스를 발표하며 비즈니스 성과에서의 중요한 전환점을 나타냈습니다. 이 회사는 2024년 매출이 3천만~3천1백만 달러에 이를 것으로 예상하고 있으며, 이는 2023년의 3백만 달러에서 10배 증가한 수치로, 긍정적인 순이익 기대감도 함께하고 있습니다.
2025년을 바라보며 피닉스 모터는 매출이 4천만~5천만 달러 사이에 이를 것으로 예측하고 있으며, 이는 시장 확장과 제로 배출 상업용 차량 솔루션에 대한 수요 증가에 의해 촉진됩니다. 중형 차량을 위한 전기화 솔루션과 대형 대중교통 버스를 제조하는 회사로서, 이 회사는 2029년까지 연평균 26.4% 성장률(CAGR)로 559억 달러에 이를 것으로 예상되는 상업용 전기차 시장에 자리매김하고 있습니다.
Phoenix Motor (Nasdaq:PEV) a annoncé une forte prévision financière pour 2024-2025, marquant un retournement significatif dans ses performances commerciales. L'entreprise prévoit des revenus de 30 à 31 millions de dollars pour 2024, représentant une augmentation décuplée par rapport à 3 millions de dollars en 2023, ainsi que des attentes de bénéfice net positif.
En regardant vers 2025, Phoenix Motor prévoit des revenus compris entre 40 et 50 millions de dollars, soutenus par l'expansion du marché et l'augmentation de la demande pour leurs solutions de véhicules commerciaux à zéro émission. En tant que fabricant de bus de transport lourd et de solutions d'électrification pour les véhicules de moyenne capacité, l'entreprise se positionne sur un marché des véhicules électriques commerciaux qui devrait croître à un taux de croissance annuel composé de 26,4%, atteignant 55,9 milliards de dollars d'ici 2029.
Phoenix Motor (Nasdaq:PEV) hat eine starke Finanzprognose für 2024-2025 angekündigt, die einen bedeutenden Wandel in der Unternehmensleistung markiert. Das Unternehmen erwartet Einnahmen von 30-31 Millionen US-Dollar für 2024, was eine zehnfache Steigerung gegenüber 3 Millionen US-Dollar im Jahr 2023 darstellt, sowie positive Nettogewinn-Erwartungen.
Für 2025 prognostiziert Phoenix Motor Einnahmen zwischen 40 und 50 Millionen US-Dollar, angetrieben durch Marktexpansion und steigende Nachfrage nach ihren emissionsfreien kommerziellen Fahrzeuglösungen. Als Hersteller von schweren Nahverkehrsbussen und Elektrifizierungslösungen für mittelschwere Fahrzeuge positioniert sich das Unternehmen in einem kommerziellen Elektrofahrzeugmarkt, der voraussichtlich mit einer jährlichen Wachstumsrate von 26,4%, bis 2029 auf 55,9 Milliarden US-Dollar anwachsen wird.
- Projected 10x revenue growth from $3M (2023) to $30-31M (2024)
- Expected transition to profitability in 2024
- Forecasted revenue growth to $40-50M in 2025
- Strong order book and expanding production reported
- Net loss reported in 2023
Company forecasts
ANAHEIM, CA / ACCESS Newswire / March 6, 2025 / Phoenix Motor Inc. (Nasdaq:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced its 2024 and 2025 revenue guidance, highlighting substantial growth and a key inflection point toward profitability.
For 2024, Phoenix Motor projects revenue of
Looking ahead, 2025 revenue is projected to be in the range of
"Phoenix Motor is entering a transformative period of sustained growth," said Denton Peng, CEO of Phoenix Motor. "We are proud to be delivering on our vision of accelerating the transition to zero-emission transportation while achieving record financial performance. With a growing order book, expanding production, and strong industry tailwinds, we are well-positioned for long-term success."
The commercial EV market is projected to grow at a
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: 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: IR@phoenixev.ai
Dave Gentry, CEO RedChip Companies, Inc.1-407-644-4256 PEV@redchip.com
SOURCE: Phoenix Motor Inc.
View the original press release on ACCESS Newswire
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