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Posted 07 June, 2023

PHOENIX MOTOR INC. appointed new CEO

CEO Change detected for ticker Nasdaq:PEV in a 8-K filed on 07 June, 2023.


  On June 6, 2023, the Board of Directors of Phoenix Motor Inc., a Delaware corporation (the "Company"), appointed its Chairman, Xiaofeng Peng to replace Dr. Lance Zhou as the Company's Chief Executive Officer effective immediately.  

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Overview of PHOENIX MOTOR INC.
Automotive • Automobiles
Phoenix Motor, Inc. designs, develops, manufactures, assembles, and integrates electric drive systems and light and medium duty electric vehicles, with an aim to reduce carbon intensity and greenhouse gas emissions. It operates under the brands Phoenix Motorcars, which is focused on commercial products including medium duty electric vehicles, chargers, and electric forklifts, and EdisonFuture, which intends to offer light-duty electric vehicles. The company was founded in 2003 and is headquartered in Anaheim, CA.
Market Cap
$33.3M
View Company Details
PHOENIX MOTOR INC. by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.


On June 6, 2023, the Board of Directors of Phoenix Motor Inc., a Delaware corporation (the "Company"), appointed its Chairman, Xiaofeng Peng to replace Dr. Lance Zhou as the Company's Chief Executive Officer effective immediately. Mr. Peng will continue to serve as Chairman of the Board of Directors in addition to his CEO duties.


The Board of Directors would like to thank Dr. Zhou for his leadership of the Company and wishes him continued success in his future endeavors.


Mr. Xiaofeng Denton Peng has served as the Company's Chairman of the Board of Directors since December 2020. Mr. Peng has served as a director and the executive chairman of the board of directors of SPI Energy Co., Ltd., the Company's largest shareholder, since January 10, 2011 and as the chief executive officer of SPI Energy Co. Ltd. since March 25, 2016. Mr. Peng founded LDK Solar Co., Ltd., or LDK, in July 2005 and is LDK's chairman of the board and chief executive officer. Prior to founding LDK, Mr. Peng founded Suzhou Liouxin Co., Ltd., or Suzhou Liouxin, in March 1997 and was its chief executive officer until February 2006. Suzhou Liouxin is a leading manufacturer of personal protective equipment in Asia. Mr. Peng graduated from Jiangxi Foreign Trade School with a diploma in international business in 1993 and from Beijing University Guanghua School of Management with an executive MBA degree in 2002.