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On Thursday, the company disclosed its 2024 and 2025 revenue guidance.For 2024, the company sees revenue of $30 million – $31 million, a tenfold increase from $3 million in 2023.The company projects a positive net income and dramatic turnaround from its net loss in the prior year.For 2025, Phoenix Motor projects revenue of $40 million – $50 million, on continued market expansion and strong demand for zero-emission commercial vehicle solutions.The commercial EV market is expected to expand at a 26.4% CAGR, reaching $55.9 billion by 2029.Denton Peng, CEO of Phoenix Motor, said, “We are proud to be delivering on our vision of accelerating the transition to zero-emission transportation while achieving record financial performance.”Phoenix Motor recently received confirmation from Nasdaq that it has regained compliance with listing rules following the filing of its Form 10-Q for the period ended September 30, 2024, on February 12, ","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/phoenix-motor-forecasts-tenfold-revenue-104855360.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"2","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["PEV"],"gpt_icon":0},{"id":"2517132671","title":"Phoenix Motor Expects Record Revenue Growth and Profitability in 2024, With Further Expansion in 2025","url":"https://stock-news.laohu8.com/highlight/detail?id=2517132671","media":"ACCESS Newswire","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517132671?lang=en_us&edition=fundamental","pubTime":"2025-03-07 05:05","pubTimestamp":1741295100,"startTime":"0","endTime":"0","summary":"Company forecasts $30M+ revenue and positive net income in 2024, with 2025 revenue targeted at $40M-$50M. ANAHEIM, CA / ACCESS Newswire / March 6, 2025 / Phoenix Motor Inc. , 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 $30 million to $31 million, a tenfold increase from $3 million in 2023, with the company also expecting to report positive net income-a dramatic turnaround from its net loss in the prior year.Looking ahead, 2025 revenue is projected to be in the range of $40 million to $50 million, reflecting continued market expansion and strong demand for Phoenix's zero-emission commercial vehicle solutions.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/phoenix-motor-expects-record-revenue-210500285.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"2","news_top_title":"Phoenix Motor Expects Record Revenue Growth and Profitability in 2024, With Further Expansion in 2025","news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["PEV"],"gpt_icon":1},{"id":"2517918453","title":"Join Phoenix Motor’s Exclusive Live Investor Webinar and Q&A Session on March 6","url":"https://stock-news.laohu8.com/highlight/detail?id=2517918453","media":"ACCESS Newswire","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2517918453?lang=en_us&edition=fundamental","pubTime":"2025-03-05 19:30","pubTimestamp":1741174200,"startTime":"0","endTime":"0","summary":"ANAHEIM, CA / ACCESS Newswire / March 5, 2025 / Phoenix Motor Inc. , a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, is pleased to invite investors to a webinar on March 6, 2025, at 4:15 p.m. ET.The exclusive event, hosted by RedChip Companies, will feature Phoenix Motor's CEO, Denton Peng.Attendees will gain insight into Phoenix Motor's position as a leader in zero-emission, all-electric commercial transportation solutions. Phoenix Motor's vehicles have accumulated more than 55 million all-electric miles-saving over $30 million in fuel costs. These efforts have directly resulted in a reduction of over 16 million pounds of carbon emissions-the equivalent of what 8,100 acres of forest would sequester. Today, Phoenix Motor offers a broad lineup of medium- and heavy-duty electric vehicles-from shuttle and school buses to utility trucks, transit buses, and more.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/join-phoenix-motor-exclusive-live-113000181.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["PEV","BK4099"],"gpt_icon":0},{"id":"2513740193","title":"Phoenix Motor Surpasses 60 million Zero-Emission Miles Driven","url":"https://stock-news.laohu8.com/highlight/detail?id=2513740193","media":"ACCESS Newswire","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2513740193?lang=en_us&edition=fundamental","pubTime":"2025-02-24 19:30","pubTimestamp":1740396600,"startTime":"0","endTime":"0","summary":"ANAHEIM, CA / ACCESS Newswire / February 24, 2025 / Phoenix Motor Inc. , 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 o","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.yahoo.com/news/phoenix-motor-surpasses-60-million-113000017.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"yahoofinance","symbols":["BK4099","PEV"],"gpt_icon":0}],"pageSize":4,"totalPage":13,"pageCount":1,"totalSize":50}]}}