Phoenix Motor Surpasses 60 million Zero-Emission Miles Driven
Phoenix Motor (Nasdaq:PEV) has achieved a significant milestone by surpassing 60 million zero-emission miles driven across its product lineup. The company's electric vehicle portfolio includes 35' and 40' transit buses, medium-duty shuttle buses, work trucks, delivery vehicles, and Type A school buses, serving diverse customers such as transit agencies, airport parking operators, municipalities, school districts, universities, and corporate fleets.
CEO Denton Peng emphasized Phoenix's role in reducing transportation-related emissions, noting that commercial vehicles account for approximately 25% of such emissions. The commercial EV industry is projected to reach $55.9 billion by 2029, with a CAGR of 26.4%. As one of the earliest US manufacturers of electric commercial vehicles, Phoenix continues to expand its presence across key industries.
Phoenix Motor (Nasdaq:PEV) ha raggiunto un traguardo significativo superando 60 milioni di miglia a zero emissioni percorse con la sua gamma di prodotti. Il portafoglio di veicoli elettrici dell'azienda include autobus di transito da 35' e 40', autobus navetta di media capacità, camion da lavoro, veicoli per consegne e autobus scolastici di Tipo A, servendo clienti diversificati come agenzie di transito, operatori di parcheggi aeroportuali, comuni, distretti scolastici, università e flotte aziendali.
Il CEO Denton Peng ha sottolineato il ruolo di Phoenix nella riduzione delle emissioni legate ai trasporti, osservando che i veicoli commerciali rappresentano circa il 25% di tali emissioni. Si prevede che l'industria dei veicoli elettrici commerciali raggiunga 55,9 miliardi di dollari entro il 2029, con un CAGR del 26,4%. Essendo uno dei primi produttori statunitensi di veicoli commerciali elettrici, Phoenix continua ad espandere la sua presenza in settori chiave.
Phoenix Motor (Nasdaq:PEV) ha logrado un hito significativo al superar 60 millones de millas sin emisiones recorridas por su gama de productos. El portafolio de vehículos eléctricos de la empresa incluye autobuses de tránsito de 35' y 40', autobuses lanzadera de media capacidad, camiones de trabajo, vehículos de entrega y autobuses escolares Tipo A, sirviendo a diversos clientes como agencias de tránsito, operadores de estacionamientos de aeropuertos, municipios, distritos escolares, universidades y flotas corporativas.
El CEO Denton Peng enfatizó el papel de Phoenix en la reducción de las emisiones relacionadas con el transporte, señalando que los vehículos comerciales representan aproximadamente el 25% de dichas emisiones. Se proyecta que la industria de vehículos eléctricos comerciales alcance 55.9 mil millones de dólares para 2029, con un CAGR del 26.4%. Como uno de los primeros fabricantes estadounidenses de vehículos comerciales eléctricos, Phoenix continúa expandiendo su presencia en industrias clave.
피닉스 모터 (Nasdaq:PEV)는 자사의 제품 라인업에서 6000만 마일 이상의 제로 배출 주행을 달성하여 중요한 이정표를 세웠습니다. 회사의 전기차 포트폴리오는 35피트 및 40피트 대중교통 버스, 중형 셔틀 버스, 작업 트럭, 배달 차량 및 A형 학교 버스를 포함하며, 대중교통 기관, 공항 주차 운영자, 지방 자치 단체, 학교 구역, 대학 및 기업 차량과 같은 다양한 고객에게 서비스를 제공합니다.
CEO 덴튼 펑은 교통 관련 배출 감소에 대한 피닉스의 역할을 강조하며, 상업용 차량이 이러한 배출의 약 25%를 차지한다고 언급했습니다. 상업용 전기차 산업은 2029년까지 559억 달러에 이를 것으로 예상되며, 연평균 성장률(CAGR) 26.4%를 기록할 것으로 보입니다. 전기 상업용 차량의 초기 미국 제조업체 중 하나로서, 피닉스는 주요 산업 전반에 걸쳐 입지를 확장하고 있습니다.
Phoenix Motor (Nasdaq:PEV) a atteint un jalon significatif en dépassant 60 millions de miles zéro émission parcourus par sa gamme de produits. Le portefeuille de véhicules électriques de l'entreprise comprend des bus de transit de 35' et 40', des bus navettes de taille intermédiaire, des camions de travail, des véhicules de livraison et des bus scolaires de type A, servant divers clients tels que des agences de transport, des opérateurs de stationnement d'aéroport, des municipalités, des districts scolaires, des universités et des flottes d'entreprises.
Le PDG Denton Peng a souligné le rôle de Phoenix dans la réduction des émissions liées aux transports, notant que les véhicules commerciaux représentent environ 25 % de ces émissions. On prévoit que l'industrie des véhicules électriques commerciaux atteindra 55,9 milliards de dollars d'ici 2029, avec un Taux de croissance annuel composé (CAGR) de 26,4%. En tant que l'un des premiers fabricants américains de véhicules commerciaux électriques, Phoenix continue d'élargir sa présence dans des secteurs clés.
Phoenix Motor (Nasdaq:PEV) hat einen bedeutenden Meilenstein erreicht, indem es 60 Millionen emissionsfreie Meilen mit seiner Produktpalette überschreitet. Das Portfolio des Unternehmens an Elektrofahrzeugen umfasst 35' und 40' Transitbusse, mittelgroße Shuttlebusse, Arbeitslastwagen, Lieferfahrzeuge und Schulbusse der Klasse A, die verschiedene Kunden bedienen, darunter Verkehrsbehörden, Flughafenparkbetreiber, Kommunen, Schulbezirke, Universitäten und Unternehmensflotten.
CEO Denton Peng betonte die Rolle von Phoenix bei der Reduzierung der verkehrsbedingten Emissionen und wies darauf hin, dass Nutzfahrzeuge etwa 25 % dieser Emissionen ausmachen. Es wird prognostiziert, dass die Branche für kommerzielle Elektrofahrzeuge bis 2029 55,9 Milliarden Dollar erreichen wird, mit einer jährlichen Wachstumsrate (CAGR) von 26,4%. Als einer der frühesten US-Hersteller von elektrischen Nutzfahrzeugen erweitert Phoenix weiterhin seine Präsenz in wichtigen Branchen.
- Achieved milestone of 60 million zero-emission miles driven
- Operates in high-growth market projected to reach $55.9B by 2029
- Strong market position as early US commercial EV manufacturer
- Diverse product portfolio serving multiple customer segments
- None.
Insights
The achievement of 60 million zero-emission miles across Phoenix Motor's fleet represents more than just an environmental milestone - it's a important validation of their technology reliability and market adoption. This operational data provides valuable insights into several key business metrics:
The diversity of Phoenix's deployment across six distinct commercial segments (transit agencies, airport operators, municipalities, schools, universities, and corporate fleets) demonstrates successful market penetration in high-value sectors where fleet operators prioritize total cost of ownership over initial purchase price. Each of these segments has unique duty cycles and operational requirements, suggesting robust product adaptability.
In the context of the projected $55.9 billion commercial EV market by 2029, Phoenix's established track record becomes particularly significant. The 26.4% CAGR indicates strong regulatory and market tailwinds, driven by corporate sustainability mandates and government incentives. Early market presence provides Phoenix with valuable real-world operational data that can inform product development and help optimize vehicle performance for specific use cases.
The milestone also carries important implications for future growth:
- Fleet operators typically expand EV adoption gradually, starting with pilot programs before larger deployments. The extensive mileage across multiple segments suggests successful pilot programs that could lead to fleet-wide conversions.
- Operational validation at this scale helps reduce perceived risk for prospective customers, potentially accelerating sales cycles.
- The diverse customer base provides natural hedge against segment-specific downturns while creating multiple growth vectors.
However, it's important to note that while 60 million miles demonstrates operational success, the commercial EV market remains highly competitive with larger players like BYD and Proterra. Phoenix will need to leverage this experience to maintain technological differentiation and secure market share as the industry grows.
ANAHEIM, CA / ACCESS Newswire / February 24, 2025 / Phoenix Motor Inc. (Nasdaq:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced it has surpassed 60 million zero-emission miles driven across its product lineup.
The milestone underscores PhoenixEV's role in advancing sustainable transportation, with deployments spanning its 35' and 40' transit buses, medium-duty shuttle buses, work trucks, delivery vehicles, and Type A school buses. These vehicles serve a diverse customer base, including transit agencies, airport parking operators, municipalities, school districts, universities, and corporate fleets.
"Phoenix is proud to play a pivotal role in accelerating the transition to zero-emission transportation in the US. Commercial vehicles contribute approximately a quarter of transportation-related emissions, and our all-electric trucks and buses are helping fleets reduce their carbon footprint," said Denton Peng, CEO of Phoenix Motor.
The commercial EV industry is expected to reach
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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