PHOENIX MOTOR INC(PEVMD.US)

Phoenix Motor Inc. | 10-Q: FY2025 Q1 Revenue: USD 4.411 M

Phoenix Motor Inc. Appeals Nasdaq Delisting Determination | PEV Stock News

Phoenix Motor Inc. has appealed Nasdaq's delisting determination after its stock was suspended due to non-compliance with minimum bid price requirements and failure to hold an annual meeting. The company is transitioning to over-the-counter trading and has requested a hearing to regain compliance. A reverse stock split is recommended to address bid price deficiencies, and an annual shareholder meeting is scheduled for April 18, 2025. CEO Xiaofeng Peng emphasized the company's commitment to transparency and ongoing operations during this transition.

12 Consumer Discretionary Stocks Moving In Thursday's After-Market Session

In Thursday's after-market session, several consumer discretionary stocks experienced notable movements. Fly-E Group (FLYE) gained 13.2% to $0.48, while 17 Education & Technology (YQ) rose 8.74% to $1.74. Lotus Technology (LOT) increased by 5.98% to $1.24. Conversely, Damon (DMN) saw a significant drop of 31.0% to $0.00, and Thunder Power Holdings (AIEV) fell 10.94% to $0.14. Other notable losers included Phoenix Motor (PEV) down 10.12% and Top Win International (TOPW) down 6.87%.

Phoenix Motor Inc. and ADASTEC Corp. Partner to Launch 40-Foot Zero-Emission Automated Buses | PEV Stock News

Phoenix Motor Inc. has partnered with ADASTEC Corp. to develop 40-foot zero-emission automated buses equipped with Level 4 automated driving capabilities. This collaboration aims to enhance public transit by combining PhoenixEV's electric vehicle manufacturing expertise with ADASTEC's advanced automation software. The first vehicle is expected to debut later this year, with demonstration pilots planned for early 2026. This initiative addresses the growing demand for sustainable and efficient public transportation solutions in North America.

12 Consumer Discretionary Stocks Moving In Monday's After-Market Session

In Monday's after-market session, Children's Place (PLCE) shares rose 13.9% to $7.2, while El Pollo Loco Holdings (LOCO) increased by 10.41% to $10.25. Other gainers included Lobo EV Technologies (LOBO) up 7.37% to $0.71, and Golden Heaven Group (GDHG) up 7.13% to $0.36. Conversely, NWTN (NWTN) fell 9.7% to $0.35, and Phoenix Motor (PEV) declined 6.69% to $0.3. JX Luxventure Group (JXG) dropped 5.95% to $1.9, while Wag Group (PET) decreased 5.81% to $0.13.