---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-062031"
form_type: "8-K"
ticker: "PEVM"
cik: "0001879848"
company_name: "PHOENIX MOTOR INC."
filed_at: "2023-05-18T23:59:59+00:00"
generated_at: "2026-06-14T21:32:37.753001+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Phoenix Motor Q1 2023 revenue up 165% to $1.8M; net loss widens to $2.8M

## Summary
- Revenue $1.8M (+165.4% YoY); gross profit $0.2M (+44.1% YoY).
- Net loss $(2.8)M vs $(2.3)M in Q1 2022.
- Gen 4 production starts summer 2023; targeting 20–25 units/month by year-end.
- Secured long-term battery supply from CATL for Gen 4 vehicles.
- Debuted swappable battery system 'Phoenix Exchange' in May 2023.

## SEC filing metadata
- accession: 0001104659-23-062031
- form_type: 8-K
- ticker: PEVM
- cik: 0001879848
- company_name: PHOENIX MOTOR INC.
- filed_at: 2023-05-18T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1879848/000110465923062031/0001104659-23-062031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1879848/000110465923062031/tm2316176d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-062031
- JSON: https://secwatch.observer/filing/0001104659-23-062031.json
- Plain text: https://secwatch.observer/filing/0001104659-23-062031.txt

## Key facts
- Earnings Releases
  PHOENIX MOTOR INC. reported first quarter of 2023 results: revenue $1.8 million, net income net loss was $2.8 million.
  - Period: first quarter of 2023
  - Revenue: $1.8 million
  - Net income: net loss was $2.8 million
  - Result: reported results
  source text: medium-duty vehicles, today reported financial and operational results for the first quarter of 2023. First Quarter 2023 Financial Highlights · Net revenues increased 165.4% to $1.8 million, compared to $0.7 million in Q1 2022, driven by a significant increase in the number of delivered EV units. · Gross profits increased 44.1% to $0.2 million, compared to $0.1
  evidence_url: https://www.sec.gov/Archives/edgar/data/1879848/000110465923062031/0001104659-23-062031-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.