Phoenix Motor (PEVM) investor relations material

Strategic positioning and growth initiatives

• Positioned as a leader in North American commercial EVs, with over 1,300 vehicles delivered and a $200 million contracted order backlog, providing strong revenue visibility and growth potential.

• Dual-brand strategy: PhoenixEV focuses on U.S. manufacturing and compliance, while EdisonFuture International targets global markets with a 1.6 million sq ft rent-free facility in Asia for international production and component supply.

• Product portfolio spans heavy-duty transit buses, medium-duty trucks, and light-duty delivery vans, serving diverse, high-growth market segments.

• Fleet-as-a-service model bundles leasing, charging, maintenance, and telematics, creating recurring high-margin revenue streams and simplifying fleet electrification for customers.

• Active investment in autonomous driving technology, with partnerships and programs targeting Level 4 autonomy by 2026.

Financial performance and operational updates

• Generated $26.2 million in revenue over the past 12 months, with improving gross margins and disciplined cost management.

• $200 million backlog provides strong future revenue visibility; ramp-up in production and deliveries expected to improve financial results starting Q4 and into Q1.

• Focused on capitalizing the business for growth while protecting shareholder value, with careful investment in core operations and innovation.

• Plans to achieve gross margin positivity quickly, with right-sized operations and targeted product-market fit.

• Working towards Nasdaq relisting, with updates expected in the coming months.

Competitive advantages and market positioning

• Buy America compliance and U.S.-based manufacturing provide a significant edge in securing public sector contracts and accessing federal/state funding.

• Only three OEMs in the U.S. heavy-duty transit bus market, with Phoenix offering purpose-built electric buses designed from the ground up.

• Over 75% of vehicle components are U.S.-made; Asia facility is used for international markets, not for U.S. imports.

• Awarded a multi-category statewide contract by California, enabling direct procurement by agencies and accelerating adoption.

• Deep customer relationships across transit agencies, universities, airports, and private fleets, with a 70% repeat order rate in medium-duty vehicles.