Phoenix Motor Inc. (OTC:PEVMD) announced Monday the appointment of John Walsh as president of the company, effective immediately. Walsh was also named chief executive officer of PhoenixEV, the company’s U.S.-based subsidiary focused on commercial electric vehicles. According to a statement in a Securities and Exchange Commission filing, Walsh, 59, brings more than 35 years of leadership experience in the transit and electric mobility sectors. Most recently, he served as president of EO Charging Americas from 1989 to 2025, leading commercial fleet electrification initiatives across North America. Between March 2023 and August 2025, Walsh was chief commercial officer at Proterra Inc., overseeing the Transit, Powered, and Energy business units. His previous roles include president and chief operating officer of Davey Coach, president of REV Bus Group—where he managed nine business units including ENC and Collins School Bus—and CEO of MV-1/VPG, a specialty original equipment manufacturer in the paratransit market. According to InvestingPro data, the company has achieved impressive revenue growth of 143% over the last twelve months, though maintaining profitability remains a challenge. Phoenix Motor’s common stock is currently quoted on the OTC Pink Limited Market under the symbol PEVMD, following a suspension of trading on Nasdaq on April 15, 2025. This information is based on a statement in a press release filed with the Securities and Exchange Commission. In other recent news, Phoenix Motor Inc. has announced a significant development concerning its operations in China. The company has entered into a Cooperation Agreement with Shandong Maolin Sida Automobile Co., Ltd., Mengzhou Enbowei Automobile Technology Co., Ltd., and the individual shareholders of Enbowei. This agreement, detailed in a recent SEC filing, outlines the formation of a wholly owned subsidiary in Mengzhou, China. The new subsidiary will have a registered capital of RMB 20 million, which will be contributed progressively based on operational requirements. This move marks an important step for Phoenix Motor in expanding its manufacturing capabilities in the electric vehicle sector. The agreement highlights the company’s strategic efforts to strengthen its presence in the Chinese market, a key area for growth in the EV industry.

Phoenix Motor appoints John Walsh as president and PhoenixEV CEO

Phoenix Motor Inc. has appointed John Walsh as president and chief executive officer of its U.S.-based subsidiary PhoenixEV, effective immediately. Walsh brings over 35 years of experience in transit and electric mobility, including leadership roles at EO Charging Americas, Proterra Inc., Davey Coach, REV Bus Group, and MV-1/VPG. The company reported 143% revenue growth over the last twelve months but continues to face profitability challenges. Phoenix Motor's stock is now traded on the OTC Pink Limited Market under the symbol PEVMD after being delisted from Nasdaq on April 15, 2025. Additionally, Phoenix Motor has entered into a Cooperation Agreement with Shandong Maolin Sida Automobile Co., Ltd., Mengzhou Enbowei Automobile Technology Co., Ltd., and individual shareholders of Enbowei to establish a wholly owned subsidiary in Mengzhou, China, with a registered capital of RMB 20 million, contributing progressively based on operational needs, signaling a strategic expansion into the Chinese electric vehicle market.