Phoenix Motor Inc ( PEV ). has announced the establishment of EdisonFuture International Co., Ltd., a fully-owned subsidiary located in Hong Kong.

EdisonFuture will enable Phoenix Motor ( PEV ) to expand globally by leveraging international supply chains, financial assets, and marketing strategies to strengthen its worldwide presence.

The entity will play a key role in enabling Phoenix Motor ( PEV ) to enter important international markets such as the Caribbean, South America, Europe, and Asia, aligning with its long-term expansion goals.

“The formation of EdisonFuture International marks a significant milestone for Phoenix Motor ( PEV ) as we extend our footprint beyond the U.S. and tap into the rapidly growing global EV market,” said CEO Denton Peng.

“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.”

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The subsidiary will first focus on leveraging Asian supply chain networks to drive its international market expansion.

The objective is to provide Phoenix Motor’s eco-friendly and dependable electric solutions to fleets, logistics firms, and local governments seeking zero-emission transportation alternatives.

By collaborating with international partners, the company seeks to introduce EV solutions to a broader audience, enhancing product offerings and driving the global adoption of zero-emission vehicles.

Phoenix Motor's ( PEV ) current brands, “PhoenixEV” and “EdisonFuture,” primarily serve the U.S. market with their selection of medium and heavy-duty commercial EVs, as well as light-duty EVs.

Price Action: PEV shares are trading lower by 14.5% at $0.3399 at the last check Tuesday.

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