Why Phoenix Motor Shares Are Surging Premarket Monday
Why Phoenix Motor Shares Are Surging Premarket Monday
Phoenix Motor Inc. (NASDAQ:PEV) shares are trading higher after the company reported solid revenue guidance for first-quarter FY24.
菲尼克斯汽车公司（纳斯达克股票代码：PEV）股价走高，此前该公司公布了24财年第一季度的稳健收入指导。
The company expects revenue of $8 million-$9 million, representing a significant increase from the $1.8 million recorded in the first quarter of 2023.
该公司预计收入为800万至900万美元，较2023年第一季度的180万美元大幅增加。
The considerable revenue increase is due to several strategic initiatives undertaken over the past year. This includes acquiring Proterra's transit business and launching new products designed to meet the evolving needs of the commercial transportation sector.
收入的大幅增长归因于过去一年中采取的多项战略举措。这包括收购Proterra的运输业务和推出旨在满足商业运输行业不断变化的需求的新产品。
Denton Peng, CEO of Phoenix Motor, said, "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."
菲尼克斯汽车首席执行官彭丹顿表示：“我们大幅增加收入的能力证明了我们的创新产品线、对电动汽车的市场需求不断增长以及支持电气化的持续有利的政府政策。”
"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."
“我们致力于引领向可持续交通的过渡，并相信我们的战略与全球对减少碳排放的日益重视非常吻合。”
This month, Phoenix Motor disclosed its plans to create an Artificial Intelligence (AI) development center in Silicon Valley, California.
本月，菲尼克斯汽车披露了在加利福尼亚硅谷创建人工智能（AI）开发中心的计划。
In March, the company inked an Integration Agreement with InductEV to develop software, hardware, and, cooling and electrical systems integration of InductEV's wireless charging pads with its zero-emission drive systems.
3月，该公司与InducteV签署了一项整合协议，以开发将InducteV的无线充电板与其零排放驱动系统的软件、硬件以及冷却和电气系统集成。
Price Action: PEV shares are up 16.4% at $0.85 premarket on the last check Monday.
价格走势：周一最后一次支票中，PEV股价上涨16.4％，盘前0.85美元。