Phoenix Motor Inc. (PEV) Q2 2023 Earnings Call Transcript

Phoenix Motor Inc. (NASDAQ:PEV) Q2 2023 Earnings Conference Call August 15, 2023 5:00 PM ET

Company Participants

Mark Hastings – SVP, Corporate Development and Strategy and Head, IR

Denton Peng – CEO

Conference Call Participants


Welcome to the Second Quarter 2023 Phoenix Motors Inc. Earnings Conference Call. My name is Brianna, and I will be your conference operator for today’s call. As a reminder, this call is [Technical Difficulty] all participants are in a listen-only mode. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

It is now my pleasure to introduce Mark Hastings, Senior Vice President of Corporate Development and Strategy and Head of Investor Relations. Please go ahead.

Mark Hastings

Thank you, Brianna, and welcome everyone to our second quarter 2023 earnings call. I will be joined for the Q&A session after the call today by Denton Peng, our Chief Executive Officer. For those of you who are new to our story, Phoenix Motorcars is headquartered in Anaheim, California. Our goal is to be a leader in sustainable and zero-emission medium-duty transportation with a range of products available to our customers, including shuttle and transit buses, school buses, delivery vans and work trucks.

We market our medium-duty vehicles through our brand, Phoenix Motorcars. In addition, we offer a full range of EV chargers and electric forklifts, as well as telematics solutions for fleets, EV infrastructure solutions and electric vehicle maintenance and service programs. We are also currently developing a light-duty commercial vehicle line, which will offer pickup trucks, delivery vans and SUVs, which will be marketed under our EdisonFuture brand.

We are not a pre-revenue company like many others in our sector. We were founded in 2003, delivered our first trucks nearly a decade ago and our vehicles have logged more than 4 million

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