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The latest update is out from Phoenix Motor Inc ( (PEVM) ).
On June 26, 2025, Phoenix Motor Inc. entered into a Cooperation Agreement with Shandong Maolin Sida Automobile Co., Ltd., Mengzhou Enbowei Automobile Technology Co., Ltd., and Enbowei’s individual shareholders to establish a wholly owned subsidiary in Mengzhou, China. This subsidiary will manufacture and sell EV platforms under a 10-year exclusive license, with Enbowei providing manufacturing facilities free of charge for the same period. The agreement outlines a gradual increase in license fees and allows Phoenix to potentially acquire a majority stake in Enbowei after five to ten years of operation, enhancing its strategic position in the Chinese EV market.
Spark’s Take on PEVM Stock
According to Spark, TipRanks’ AI Analyst, PEVM is a Underperform.
Phoenix Motor Inc. is facing substantial financial challenges with negative equity and declining revenues. Technical indicators and valuation metrics offer no compelling upside. The lack of new earnings guidance adds to the uncertainty, resulting in a low overall score.
To see Spark’s full report on PEVM stock, click here.
More about Phoenix Motor Inc
Phoenix Motor Inc. operates in the electric vehicle (EV) industry, focusing on the manufacturing and sale of EV platforms.
Average Trading Volume: 679,000
Technical Sentiment Signal: Sell
Current Market Cap: $7.39M
For an in-depth examination of PEVM stock, go to TipRanks’ Overview page.