Phoenix Motor Inc.

Welcome to the fourth quarter 2022 Phoenix Motors Inc. 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 and welcome everyone to our fourth quarter earnings call. I'm joined on the call today by Dr. Lance Cho, our Chief Executive Officer, and Chris Wang, our Chief Financial Officer. For those of you who are new to our story, Phoenix Motorcars is headquartered in Anaheim, California. Our goal is to be a leader in sustainable finance. and zero-emission, medium-duty transportation with a range of products available to our customers, including shuttle and transit buses, school buses, delivery vans, and work trucks. We market our medium-duty vehicles through our brand, Phoenix Motorcars. In addition, we also offer a full range of EV chargers and electric forklifts, as well as telematics solutions for fleets, EV infrastructure solutions, and electric 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 4 million zero-emission miles on the road. As a result, we have a stable and loyal customer base, and we offer our customers vehicles, charging and telematic solutions, and complete vehicle maintenance and service support. Dr. Lance Cho, our Chief Executive Officer, will speak next. For those of you who don't know Lance yet, he has a long history of success in the full vehicle development arena. He has taken three different vehicles all the way from concept through design, production, and into sales. In addition, Dr. Lance, as we affectionately refer to him, has a particular expertise in mass production, which is one of the most important of the many attributes he brings to our company. With that, I will turn the call over to Lance, who will say a few words about the progress we have made with our Gen 4 vehicles since the time of our third quarter call.

Thank you, Mark, and thank you for all your time today. I'm very excited to report that since receiving the Board of Directors' approval for our GEM4 development program, we have been hard at work executing on our implementation plan to bring GEM4 to market cost-efficiently and quickly. As a result, I am proud to report that we anticipate the start of a production for GEM4 vehicles, as well as first delivery to be achieved this summer. Furthermore, we expect GEM4 production to ramp to 20 to 24 units a month when at a full production. which we expected to be achieved by the end. We are excited because we expected the M4 to be a game changer for Phoenix. These vehicles will benefit from our asset-like business model, which allows for lower cost and shorter production times than we have had before. We have a direct port a standardized design and production process, which has enabled us to run the production quickly and reduce required production hours. In addition, Gen 4 will serve as our bridge to Gen 5, which will see the company produce its own purpose-built chassis, thereby achieving chassis independence at a lower cost and with desired flexibility and increase the customer satisfaction. We look forward to providing more detailed information regarding our progress in the coming quarters for both our Gen 4 and Gen 5 vehicles. Now, turn the call back over to Chris Wang, our Chief Finance Officer. who will discuss our fourth quarter and full year financial results, after which we will take some time to provide additional information about our products and update you on our current growth and development plans. So right now, I would like to pass over to Chief Financial Officer, Chris Wong.