Phoenix Motor (PEV) Guides FY24 Revenue of $100M+

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Go back to Phoenix Motor (PEV) Guides FY24 Revenue of $100M+

Phoenix Issues Preliminary Guidance Following the Purchase of Proterra's Transit Business

January 18, 2024 7:02 AM EST

Schedules update call for Thursday January 25th to discuss initial plans

ANAHEIM, CA / ACCESSWIRE / January 18, 2024 / Phoenix Motor Inc. (NASDAQ: PEV) ("Company" or "Phoenix"), a leading electrification solutions provider for medium-duty vehicles, today provided its initial guidance incorporating the recently-acquired Proterra Transit business line ("Proterra Transit"). As previously reported, Phoenix purchased the business last week from Proterra Inc. and Proterra Operating Company, Inc. (collectively "Proterra"), a leading innovator in commercial vehicle electrification technology, subsequent to receiving the requisite approval from the U.S. bankruptcy court. This transformative acquisition... More