Phoenix Motor announced its revenue guidance for the second quarter of 2024. The company expects to report revenue in the range of $14M to $16M, representing a significant increase from the $1.8M recorded in the first quarter of 2023 and up from the expected $8M to $9M forecasted for Q1 2024, the company’s previous record revenue quarter than”Our projection for another quarter of record revenues is a reflection of the success of the strategic initiatives we’ve undertaken,” said Denton Peng, CEO of Phoenix Motor.
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