Phoenix Motorcars Promotes Dr. Frank Lee and Adds Dr. Joseph Xiang to Senior Management Team
Phoenix Motor Inc. (“Company” or “Phoenix”) (Nasdaq: PEV), a
leader in manufacturing all-electric, medium-duty vehicles, is
pleased to announce the promotion of Dr. Frank Lee to Chief
Technology Officer and the hiring of Dr. Joseph Xiang to serve as
Vice President of Electrical and Software Engineering.
“We are proud to be able to attract such talented, seasoned
industry veterans,” said Dr. Lance Zhou, CEO of Phoenix Motorcars.
“The promotion of Frank and the addition of Joseph to our senior
management team further positions Phoenix for success as we
continue to execute on our global growth strategy.”
Chris Wang, CFO of Phoenix Motorcars, commented, “The promotion
of Frank and addition of Joseph lends additional knowledge and
expertise to our operational and technical capabilities. I am proud
of the team we have built and our successes to date. Phoenix is
poised for transformational growth within the rapidly developing
medium-duty EV market.”
Dr. Frank Lee brings over 30 years of experience in vehicle
development, with expertise in auto body structure, power train
integration (EV, EREV, PHEV & ICE) and vehicle integration, as
well as vehicle product strategy and product development systems.
Dr. Lee joined Phoenix last year and prior to that had most
recently served as Vice President of Vehicle Integration at Karma
Automotive, an Irvine, CA-based EV manufacturer. Previously Dr. Lee
has held senior leadership positions including Chief Engineer for
BYD Auto, Deputy General Manager for Beiben Trucks, and VP/Senior
Chief Engineer for Geely Holding Group. Dr. Lee earned his Ph.D. in
Engineering Mechanics from Ohio State University, in Columbus,
Ohio, and his MA in Mechanics and BS in Mechanics from the Huazhong
University of Science and Technology.
Dr. Joseph Xiang brings 35 years of engineering experience, with
more than 25 years in the automotive arena. Dr. Xiang most recently
served as a Staff Motor Control Engineer for SERES, previously
serving for twelve years as General Manager of Corporate
Engineering for Johnson Electric International Ltd., in Hong Kong.
Prior to this Dr. Xiang worked in Dearborn, MI, for Visteon Corp
for seven years and Ford for five years, in senior leadership roles
including as an Electric Drive and Control Technical Expert, as a
Technical Professional and Product Design Engineer. Dr. Xiang
earned his Ph.D. in Electrical Engineering from the University of
Kentucky, and his MSEE and BSEE degrees from the Huazhong
University of Science and Technology in Wuhan, China.
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 operates two primary brands, “Phoenix Motorcars,”
which is focused on commercial products including medium duty EVs
(shuttle buses, school buses, municipal transit vehicles and
delivery trucks, among others), electric vehicle chargers and
electric forklifts, and “EdisonFuture,” which intends to offer
light-duty EVs. Phoenix endeavors to be a leading designer,
developer and manufacturer of electric vehicles and electric
vehicle technologies. For more information, please visit:
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 factors include, among others, 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 20-F
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.
version on businesswire.com: https://www.businesswire.com/news/home/20230424005302/en/
Investor Relations Contacts: Mark Hastings, Senior Vice
President & Head of Investor Relations Sioban Hickie, ICR Inc.
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