American Marconi Wireless News - Phoenix Motor Launches Crypto Treasury Management Plan and Expands Payment Options to Include ETH, BNB & SOL

Customers can now use BTC, ETH, BNB, and SOL as payment for EdisonFuture's electric delivery vehicles and Electric Fleet-as-a-Service (EFaaS) solutions, strengthening accessibility and choice for both gig-economy drivers and fleet operators.

"By expanding the range of cryptocurrencies accepted and introducing a formal treasury management program, we are taking another important step in building a future-ready business," said Denton Peng, Chairman and CEO of Phoenix Motor. "Our EdisonFuture subsidiary is not only delivering right-sized EVs for the food delivery and last-mile market, but also innovating on the business model through EFaaS. Embracing digital payments and crypto treasury practices further reflects our commitment to meeting customers where they are today and where they're headed tomorrow."

This latest expansion builds on EdisonFuture's January 2024 announcement of accepting Bitcoin and aligns with its growing focus on last-mile food delivery vehicles and subscription-based EFaaS offerings. These services combine leasing, charging, maintenance, and telematics into one solution, helping customers lower total cost of ownership while creating new recurring revenue streams for Phoenix.

About Phoenix Motor Inc.

Phoenix Motor Inc. is redefining commercial transportation with smart, zero-emission electric vehicles. Through our two brands - PhoenixEV (America manufacturing for America market) and EdisonFuture (International resources for international market) - we deliver a full range of heavy-, medium-, and light-duty EVs, from transit and shuttle buses to delivery vans and trucks.

With cutting-edge electric drive systems and seamless integration of autonomous driving technologies, Phoenix is driving the future of sustainable transit, logistics, and community mobility - in the U.S. and beyond. To learn more, please visit: phoenixev.ai.

Forward-Looking Statements

This press release contains forward-looking statements, as that term is defined in the Private Litigation Reform Act of 1995, that involve significant risks and uncertainties. Forward-looking statements can be identified through the use of words such as "may," "might," "will," "intend," "should," "could," "can," "would," "continue," "expect," "believe," "anticipate," "estimate," "predict," "outlook," "potential," "plan," "seek," and similar expressions and variations or the negatives of these terms or other comparable terminology. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect the Company's current expectations and speak only as of the date of this release. Actual results may differ materially from the Company's current expectations depending upon a number of factors. These risk factors include, among others, those related to our ability to raise additional capital necessary to grow our business, operations and business and financial performance, our ability to grow demand for our products and revenue, our ability to become profitable, our ability to have access to an adequate supply of parts and materials and other critical components for our vehicles on the timeline we expect, the coronavirus (COVID-19) and the effects of the outbreak and actions taken in connection therewith, adverse changes in general economic and market conditions, competitive factors including but not limited to pricing pressures and new product introductions, uncertainty of customer acceptance of new product offerings and market changes, risks associated with managing the growth of the business, and those other risks and uncertainties that are described in the "Risk Factors" section of the Company's annual report filed on Form 10-K filed with the Securities and Exchange Commission. Except as required by law, the Company does not undertake any responsibility to revise or update any forward-looking statements.

Contact:

[email protected]

Dave Gentry, CEO
RedChip Companies, Inc.
1-407-644-4256
[email protected]

SOURCE: Phoenix Motor Inc.

View the original press release on ACCESS Newswire

L.Davis--AMWN