Phoenix Motor Inc. (NASDAQ:PEV), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced the formation of EdisonFuture International Co., Ltd., a wholly-owned subsidiary based in Hong Kong. This new entity will focus on international opportunities, leveraging Phoenix Motor’s advanced EV technologies and brand strengths to expand into global markets.

EdisonFuture International will serve as the company’s international arm, aiming to establish a strong presence in key regions including the Caribbean, South America, Europe, and Asia. While Phoenix Motor’s existing brands, “PhoenixEV” and “EdisonFuture,” primarily serve U.S. customers with medium and heavy-duty commercial EVs and light-duty EVs, respectively, the new subsidiary will drive global expansion by utilizing international supply chain resources, financial networks, and market development strategies.”

The formation of EdisonFuture International marks a significant milestone for Phoenix Motor as we extend our footprint beyond the U.S. and tap into the rapidly growing global EV market,” said Denton Peng, CEO of Phoenix Motor. “By establishing operations in Hong Kong, a key gateway to international business, we will optimize supply chain efficiencies, strengthen financial partnerships, and accelerate market penetration in high-growth regions.”

EdisonFuture International will initially focus on leveraging Asian supply chain networks to support its expansion into international markets. The company plans to work closely with regional partners to introduce Phoenix Motor’s proven EV technologies to commercial fleets, logistics providers, and municipalities looking to transition to sustainable transportation solutions.

As part of this initiative, Phoenix Motor will explore strategic alliances and collaborations with international stakeholders to drive innovation, enhance product offerings, and support the global adoption of zero-emission transportation. The company is committed to aligning with local regulatory frameworks and sustainability goals to ensure a seamless market entry and long-term success.