Phoenix Motor Inc. (Nasdaq: PEV) (“Company” or “Phoenix Motorcars”), a leader in manufacturing of all-electric, medium-duty vehicles, today announced that the Company will release its fourth quarter and full year 2022 financial results after market close on Wednesday, March 29, 2023. This release will be followed by a conference call hosted by members of the Phoenix Motorcars management team at 5:00 PM Eastern Time.

Interested investors and other parties may access a live webcast of the conference which will be available on the Events and Presentations page within the Investor Relations section of Phoenix Motorcars’ website. The call can also be accessed live via telephone by dialing (888) 660-6373 or for international callers (929) 203-1975, and referencing Phoenix Motorcars. Please log in to the webcast or dial in to the call at least 10 minutes prior to the start of the event.

An archive of the webcast will be available for a period of time shortly after the call on the Events and Presentations page on the Investor Relations section of Phoenix Motorcars’ website, along with the Company’s earnings press release.

About Phoenix Motor Inc.

Phoenix Motor Inc., a pioneer in the electric vehicle (“EV”) industry, designs, builds, and integrates electric drive systems and light and medium duty EVs and sells electric forklifts and electric vehicle chargers for the commercial and residential markets. Phoenix markets its commercial, medium duty EVs (shuttle buses, school buses, municipal transit vehicles and delivery trucks, among others) under its “Phoenix Motorcars” brand. Phoenix intends to bring “EdisonFuture” to market by 2025, which is its light-duty EV truck offering for the recreational and commercial market. For more information, please visit: www.phoenixmotorcars.com.

Investor Relations Contacts: Mark Hastings, SVP & Head of Investor Relations Sioban Hickie, ICR Inc. PhoenixIR@icrinc.com

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