Phoenix Motor Inc.

Phoenix Motor Inc. designs, develops, manufactures, assembles, and integrates electric drive systems, and light and medium duty electric vehicles in the United States. The company provides chargers, electric forklifts, shuttle buses, Type A school buses, utility and service trucks, flatbed and cargo trucks, and walk-in vans. Its EdisonFuture subsidiary is expanding its digital payment options beyond Bitcoin to now include Ethereum (ETH), BNB, and Solana (SOL). In addition, Phoenix is implementing a comprehensive crypto treasury management plan to securely manage and optimize its digital asset holdings. This program is designed to balance risk and liquidity while enabling the Company to strategically integrate cryptocurrency into its broader financial and operational ecosystem. Customers can now use BTC, ETH, BNB, and SOL as payment for EdisonFuture's electric delivery vehicles and Electric Fleet-as-a-Service (EFaaS) solutions, strengthening accessibility and choice for both gig-economy drivers and fleet operators.Phoenix Motor Inc. was founded in 2003 and is headquartered in Anaheim, California.