Strategic expansion adds 1.6 million square feet of EV production capacity rent-free in China, boosting Phoenix's global manufacturing footprint to nearly 2 million square feet ANAHEIM, CA / ACCESS Newswire / June 30, 2025 / Phoenix Motor Inc. (OTC PINK
EVM), a leading manufacturer of heavy-duty transit buses and electrification solutions provider for medium-duty vehicles, today announced a significant expansion of its global manufacturing capabilities through a newly signed agreement to utilize over 1.6 million square feet of existing EV production facilities in Henan Province, China-rent-free for an initial 10-year term. The Company will begin producing electric vehicles for the Latin American and other international markets at this location, while also in-sourcing selected EV component manufacturing to support U.S. operations.
