Phoenix Motor Inc.
- Truck & Bus Bodies
- Ontario, CA
- 159 employees
- CIK 0001879848
Updated from SEC filings through
Top things to know
Executives
- Xiaofeng Peng Chief Executive Officer and Chairman 10-K, 2025-05-30
- Michael Yung Chief Financial Officer 10-K, 2025-05-30
Phoenix Motor Inc. is a U.S. public company in truck & bus bodies (SIC 3713), headquartered in Ontario, CA. Revenue was $31.2M in the fiscal year ending December 31, 2024, +27966.7% from the year before. It reported about 159 employees. Xiaofeng Peng is Chief Executive Officer and Chairman.
Five-year financials
| Metric | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|
| Revenue | $31.2M 10-K, 2025-05-30 | $111K 10-K, 2024-04-15 | $168K 10-K, 2024-04-15 | $3.0M 10-K, 2023-03-31 |
| Operating income | -$31.0M 10-K, 2025-05-30 | -$20.5M 10-K, 2025-05-30 | -$13.2M 10-K, 2024-04-15 | -$14.3M 10-K, 2023-03-31 |
| SG&A | $33.8M 10-K, 2025-05-30 | $14.9M 10-K, 2025-05-30 | $14.0M 10-K, 2024-04-15 | $13.8M 10-K, 2023-03-31 |
| Net income | $7.9M 10-K, 2025-05-30 | -$20.6M 10-K, 2025-05-30 | -$12.7M 10-K, 2024-04-15 | -$14.6M 10-K, 2023-03-31 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Xiaofeng Peng | Chief Executive Officer and Chairman | 10-K, 2025-05-30 |
| Michael Yung | Chief Financial Officer | 10-K, 2025-05-30 |
What Phoenix Motor Inc. does
March 1, 2024 to the Batch 1 closing date, plus (iii) the assumption of the assumed liabilities incurred after the applicable closing date related to the Batch 1 transferred assets.
Item 1. Business, 10-K for the year ending December 31, 2024
Shares and governance
| Shares outstanding | 12.9 million (as of November 10, 2025) | 10-Q, November 12, 2025 |
|---|---|---|
| Public float | $5.2M (as of June 30, 2024) | 10-K, May 30, 2025 |
| Reportable segments | 1 (period ending December 31, 2023) | 10-K, April 15, 2024 |
| Latest proxy statement | Meeting December 1, 2025 (filed December 1, 2025) | DEF 14A, December 1, 2025 |
| Auditor | Yu Certified Public Accountant, P.C. (New York, New York) | Latest 10-K |
Recent 8-K events
- 8-K filed 2026-08-14
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-06-05
- Item 1.01 Entry into a material definitive agreement
- Item 1.02 Termination of a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- Item 3.02 Unregistered sales of equity securities
- 8-K filed 2026-02-20
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-02-11
- Item 3.03 Material modification to rights of security holders
- Item 5.03 Amendments to articles or bylaws; change in fiscal year
- 8-K filed 2026-02-09
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2025-12-23
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2025-11-19
- Item 5.03 Amendments to articles or bylaws; change in fiscal year
- 8-K filed 2025-09-05
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2025-08-14
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2025-08-05
- Item 1.01 Entry into a material definitive agreement
- Item 3.02 Unregistered sales of equity securities
Frequently asked questions about Phoenix Motor Inc.
- What does Phoenix Motor Inc. do?
- In its own words, from Item 1 of its 10-K: "March 1, 2024 to the Batch 1 closing date, plus (iii) the assumption of the assumed liabilities incurred after the applicable closing date related to the Batch 1 transferred assets."
- What is Phoenix Motor Inc.'s revenue?
- $31.2M for the fiscal year ending December 31, 2024, from its 10-K filed May 30, 2025.
- Is Phoenix Motor Inc. profitable?
- Phoenix Motor Inc. reported net income of $7.9M for the fiscal year ending December 31, 2024.
- How many employees does Phoenix Motor Inc. have?
- About 159 as of December 31, 2024, as stated in its annual report.
- Who is the CEO of Phoenix Motor Inc.?
- Xiaofeng Peng, Chief Executive Officer and Chairman, as named in a 10-K filed May 30, 2025.
- Who is the CFO of Phoenix Motor Inc.?
- Michael Yung, Chief Financial Officer, as named in a 10-K filed May 30, 2025.
- Where is Phoenix Motor Inc. headquartered?
- Ontario, CA.
- What industry is Phoenix Motor Inc. in?
- Truck & Bus Bodies, SIC code 3713.
- What is Phoenix Motor Inc.'s website?
- phoenixev.ai. Investor relations: https://edisonfuture.com/investors.
- Is Phoenix Motor Inc. a public company?
- Yes. Phoenix Motor Inc. files with the SEC under CIK 0001879848.
- Who audits Phoenix Motor Inc.?
- Yu Certified Public Accountant, P.C., New York, New York, as named in its latest annual report (10-K).
- How many shares of Phoenix Motor Inc. are outstanding?
- 12.9 million shares as of November 10, 2025, from its 10-Q filed November 12, 2025.
- What is Phoenix Motor Inc.'s public float?
- $5.2M as of June 30, 2024, as reported on the cover of its 10-K filed May 30, 2025.
- How many business segments does Phoenix Motor Inc. report?
- 1 reportable segment for the period ending December 31, 2023, from its 10-K filed April 15, 2024.
- When is Phoenix Motor Inc.'s annual shareholder meeting?
- December 1, 2025, per its proxy statement (DEF 14A) filed December 1, 2025.