financetom
Business
financetom
/
Business
/
Phoenix Motor Expects Up to $9 Million in Q1 Revenue
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Phoenix Motor Expects Up to $9 Million in Q1 Revenue
Apr 15, 2024 2:27 AM

05:04 AM EDT, 04/15/2024 (MT Newswires) -- Phoenix Motor ( PEV ) said Monday it expects Q1 revenue to reach a record $8 million to $9 million, up from $1.8 million a year earlier.

The company attributed the expected revenue growth to a number of strategic initiatives, including the launch of new products and its acquisition of Proterra's transit business.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Exclusive-Saudi Arabia plans Aramco share sale as soon as June, sources say
Exclusive-Saudi Arabia plans Aramco share sale as soon as June, sources say
May 26, 2024
DUBAI (Reuters) -Saudi Arabia is planning a multi-billion-dollar share sale in energy giant Aramco as soon as June in what would be one of the region's biggest stock deals, two people familiar with the matter said. The offering could raise around $10 billion, one of the people said. The preparations are ongoing and the details could still change, the sources...
Samsung encouraged to invest more in China, Premier Li Qiang says
Samsung encouraged to invest more in China, Premier Li Qiang says
May 26, 2024
BEIJING, May 26 (Reuters) - Chinese Premier Li Qiang told Samsung Chairman Jay Y. Lee on Sunday that China welcomed further investment by the Korean conglomerate, state news agency Xinhua reported, as foreign businesses in the Chinese market struggle to navigate geopolitical uncertainties. The meeting in Seoul between China's second highest-ranking official and the Korean executive took place ahead of...
Samsung encouraged to invest more in China, Premier Li Qiang says
Samsung encouraged to invest more in China, Premier Li Qiang says
May 26, 2024
BEIJING (Reuters) - Chinese Premier Li Qiang told Samsung Chairman Jay Y. Lee on Sunday that China welcomed further investment by the Korean conglomerate, state news agency Xinhua reported, as foreign businesses in the Chinese market struggle to navigate geopolitical uncertainties. The meeting in Seoul between China's second highest-ranking official and the Korean executive took place ahead of a summit...
Bill Gross says Trump is 'bearish' choice for bond markets
Bill Gross says Trump is 'bearish' choice for bond markets
May 26, 2024
(Reuters) - Returning Donald Trump to the presidency would be the more bearish choice for bond markets, famed bond investor Bill Gross said in an interview with The Financial Times. Gross, once the most influential voice in the market, predicted to the paper that a second Trump presidency would push deficits higher than re-electing President Joe Biden. Trump is the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved