Phoenix Motor Inc. designs, assembles and integrates electric drive systems as well as light- and medium-duty electric vehicles (“EVs”). The company also markets and sells electric vehicle chargers for the commercial and residential markets. The company operates two primary brands – Phoenix Motorcars, focused on commercial products, including medium-duty electric vehicles, chargers and electric forklifts, and EdisonFuture, which intends to offer light-duty electric vehicles.

The company was founded in 2003 in Anaheim, California, where it is based.

SPI Energy Co., Ltd., acquired Phoenix Motor in 2020.

(Note: Phoenix Motor Inc. trimmed its IPO at pricing on June 7, 2022, by pricing fewer shares – 2.1 million, down from 2.5 million in the prospectus – at $7.50, below the $8 mid-point of its $7-to-$9 range – to raise $15.75 million. In an S-1/A filing dated May 6, 2022, Phoenix Motor Inc. downsized its IPO by cutting the number of shares to 2.5 million, down from 4.0 million, and setting a new price range of $7 to $9 to raise $20 million. In a previous filing in late April, Phoenix Motor revamped its IPO by removing the warrants and naming a new sole book-runner, Prime Number Capital, which replaced the previous underwriters, Maxim Group, Roth Capital and EF Hutton.)