【Donna interview】Dialogue with Denton Peng, CEO of Phoenix Motor: The latest strategy and market development of the successful acquisition of Proterra Transit to become the largest commercial electric vehicle manufacturer in the United States.
On April 18, Phoenix Motor Inc. (NASDAQ: PEV), a Nasdaq-listed company, successfully held its first Analyst and Investor Day in Greenville, South Carolina. Attendees had the opportunity to visit Proterra Transit manufacturer with the largest market share in the United States, up close. They also engaged in in-depth conversations with the company’s CEO, Denton Peng, an international leader in innovation in the new energy and photovoltaic industries. The company’s CRO, COO, and CFO provided detailed insights into Phoenix Motor’s competitive advantages, financial forecasts, and growth potential. Participants gained a comprehensive understanding of Phoenix Motor’s vision, mission, products, markets, and future development plans. Furthermore, a conversation with the mayor of Greenville offered insights into the city’s business environment and supportive policies. Attendees also enjoyed the beautiful spring scenery of Greenville.
Denton Peng, CEO of Phoenix Motor Inc. and an innovative leader in the international new energy and photovoltaic industries, warmly welcomed us and guided us through an in-depth tour of the factory and manufacturing workshop. In an exclusive interview with GCTV host Donna Yang, he introduced the company’s new acquisition of Proterra’s Transit Business from Proterra Inc., the largest electric bus manufacturer in United States and known as the ‘Tesla of the electric bus industry. Mr. Peng provided insights into Phoenix Motor, which will become the largest commercial electric vehicle company in the United States following the acquisition. He discussed the acquisition’s background, competitive advantages, primary business opportunities, unique operating model, future development strategies, and broad market prospects. His comments instilled strong market confidence while showcasing Denton Peng’s ambitions, innovative ideas, and entrepreneurial spirit as a Chinese business leader on the global stage. In 2009, Fortune magazine recognized him as one of the 30 most influential young leaders in the world.
Denton Peng stated, “Phoenix Motor’s acquisition of Proterra Transit business has significantly strengthened its competitive position in the commercial electric vehicle industry. Through technological innovation, brand reputation, market scale, and cost advantages, Phoenix Motor is well-positioned to protect and expand its competitive advantages. However, the company will also need to address integration risks, operational challenges, and the rapidly evolving EV market to maintain and maximize its enhanced competitive position. Key drivers of growth in the commercial electric vehicle market include increased policy support, electrification of public transportation fleets, stringent regulations, advancements in battery pack technology and electric powertrains, and accelerated investment in charging infrastructure. By capitalizing on the growing demand for electric vehicles driven by policy incentives, government funding, and regulations, Phoenix Motor is well-prepared to leverage its proprietary technology and knowledge, industry-leading experience, and strong relationships with dealers to achieve significant growth in the coming years.
In early January 2024, Phoenix Motor successfully acquired Proterra Transit business line from Proterra Inc. the largest electric bus manufacturer in the United States. This strategic acquisition allows the company to penetrate the heavy-duty electric vehicle market and positions it as the largest commercial electric vehicle manufacturer in the United States, offering both medium-duty and heavy-duty vehicles.
Phoenix Motor was listed on NASDAQ on June 8, 2022, under the stock symbol PEV. With over 20 years of experience, Phoenix Motor has built a solid reputation for developing and manufacturing electric drivetrains and leads the market in medium-sized electric buses, trucks, and school buses. Their primary customers include federal, state, and municipal governments, related agencies, airport and port authorities, and schools, etc.
About Phoenix Motor Inc.
Phoenix Motor, a pioneer in the electric vehicle (“EV”) industry, designs, builds, and integrates electric drive systems and manufactures heavy duty transit buses and medium and light duty commercial EVs. Phoenix operates two primary brands, “Phoenix”, which is focused on commercial products including heavy and medium duty EVs (transit buses, shuttle buses, school buses and delivery trucks, among others) and “EdisonFuture”, which intends to offer light-duty EVs. Phoenix endeavors to be a leading designer, developer and manufacturer of electric vehicles and electric vehicle technologies. To learn more, please visit: www.phoenixmotorcars.com.
About GCTV
Global Video Media, headquartered in New York, is an innovative media marketing, IR/PR and advertising group. With our in-time online platform www.gcw.tv, we integrate traditional video interviewing, filming, and editing with creative technologies such as AI, blockchain, and Web3. Established by intellectual and insightful scholars and professionals we are committed to establishing an advanced platform for global business, culture and entertainment, focusing on both mainstream and mass media promotion, business branding and marketing, as well as personal entertainment. We recently launched oversea-IPO and investor relations campaign service departments. Your target is our business!
