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Phoenix Motor Inc.
11/14/2022
Welcome to the third quarter 2022 Phoenix Motors earnings conference call. My name is Emma and I will be your operator for today's call. As a reminder, this call is being recorded and all participants are in a listen-only mode. All questions can be directed after the call to phoenixir at icrinc.com. It is now my pleasure to introduce Mark Hastings, Senior Vice President of Corporate Development and Strategy and Head of Investor Relations.
Thank you, Emma, and thank you, everyone, and welcome to our third quarter earnings call. I'm joined today on the call by Dr. Lance Cho, our Chief Executive Officer, and Chris Wong, our Chief Financial Officer. By way of brief introduction to the company, Phoenix is headquartered in Anaheim, California. Our goal is to be a leader in sustainable and zero-emissions medium-duty transportation with a range of products available to our customers, including shuttle buses, delivery vans, school buses, and work trucks. We market our medium-duty vehicles through our brand, Phoenix Motor Cars. In addition, we also offer a full range of electric forklifts as well as EV chargers. We offer telematics solutions for fleets. EV infrastructure solutions, and vehicle maintenance and service programs. We are also currently developing a light duty consumer and commercial vehicle line, which will offer pickup trucks, SUVs, and delivery vans that will be marketed under our Edison Future brand. We are not a pre-revenue company like many others in our sector. We were founded in 2003. We delivered our first trucks nearly a decade ago. and our vehicles have logged nearly 4 million zero-emission miles on the road. As a result, we have a stable and loyal customer base, and we provide a simple one-stop shopping solution for customers by offering vehicles, charging and telematics solutions, and complete service support. With that, I will turn the call over to Dr. Lancho, our Chief Executive Officer, who will say a few words about our tremendous growth outlook and his plans for leading our company through the next phase of value creation.
Thank you, Mark, and thank you all for joining us today. I'm very excited to report that the Phoenix executive team has received the Board of Directors approval for our Gen 4 development program, which Mark will review with you in detail shortly. We are well underway in the design, development, and engineering functions and have already built a strong order book for our GEM4 vehicles. We expected our GEM4 development to be a game changer for Phoenix. The project will demonstrate our asset-light business model, which will allow for lower costs and software teams to market them before. We have developed standardized design and production processes, which combined with the proven project management experience of our executive leadership team, will enable us to ramp up production quickly. We look forward to providing more detailed information regarding our strategic plans, important milestones, and our progress in the coming quarters for both our Dem 4 vehicles and our Dem 5 ground-up chassis vehicles, which will follow shortly behind Dem 4. Now, I will turn the call back to Mark.
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