Phoenix Motor Announces Record Revenue Guidance for Q1 2024
Phoenix Motor Announces Record Revenue Guidance for Q1 2024
ANAHEIM, CA / ACCESSWIRE / April 15, 2024 / Phoenix Motor Inc. (NASDAQ:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced its revenue guidance for the first quarter of 2024. The company expects to report revenue in the range of $8 million to $9 million, representing a significant increase from the $1.8 million recorded in the first quarter of 2023, which was the company's previous record revenue quarter.
"Our first quarter performance underscores the strength and scalability of our business model," said Denton Peng, CEO of Phoenix Motor. "Our ability to significantly increase revenue is a testament to our innovative product line, the growing market demand for electric vehicles, and continued favorable government policies supporting electrification."
The anticipated increase in revenue is attributed to a number of strategic initiatives undertaken by Phoenix Motor over the past year, including the acquisition of Proterra's transit business and the launch of new products designed to meet the evolving needs of the commercial transportation sector.
"Looking ahead, we remain focused on leveraging our core competencies to further penetrate the markets we serve, while also exploring new opportunities to expand our reach," added Peng. "We are committed to leading the transition to sustainable transportation and believe our strategy aligns well with the increasing global emphasis on reducing carbon emissions."
加利福尼亞州阿納海姆/ACCESSWIRE/2024年4月15日/領先的重型公交車製造商和中型車輛電氣化解決方案提供商Phoenix Motor Inc.(納斯達克股票代碼:PEV)今天公佈了其2024年第一季度的收入指導。該公司預計公佈的收入將在800萬美元至900萬美元之間,較2023年第一季度創紀錄的180萬美元大幅增加,後者是該公司創紀錄的收入季度。
Phoenix Motor首席執行官彭登頓表示:“我們第一季度的業績凸顯了我們商業模式的實力和可擴展性。”“我們大幅增加收入的能力證明了我們的創新產品線、對電動汽車的市場需求不斷增長以及支持電氣化的持續有利的政府政策。”
預期的收入增長歸因於Phoenix Motor在過去一年中採取的多項戰略舉措,包括收購Proterra的運輸業務和推出旨在滿足商業運輸行業不斷變化的需求的新產品。
彭補充說:“展望未來,我們將繼續專注於利用我們的核心競爭力進一步滲透我們所服務的市場,同時探索擴大業務範圍的新機會。”“我們致力於引領向可持續交通的過渡,並相信我們的戰略與全球對減少碳排放的日益重視非常吻合。”
譯文內容由第三人軟體翻譯。
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