Phoenix Motorcars Adds Industry Veterans Lewis Liu and Mark Hastings to Senior Management Team
August 03 2022 - 8:00AM
Business Wire
Phoenix Motor Inc. (Nasdaq: PEV) (“Phoenix Motor” or “Phoenix”),
a global leader in manufacturing of all-electric, medium-duty
vehicles, today announced the appointments of Lewis Liu as Senior
Vice President of Program Management Office & Business
Development, and Mark Hastings as Senior Vice President of
Corporate Development & Strategy and Head of Investor
Relations.
In commenting on the additions, Dr. Lance Zhou, CEO of Phoenix
Motor Inc. said, “We are delighted to bring in such high-caliber
veterans. The additions of Lewis and Mark will help bolster our
senior management team as we execute on our global growth
strategy.”
Chris Wang, CFO of Phoenix Motor commented, “The appointments of
Lewis and Mark add both depth and breadth to our operations and
finance leadership and, together with the rest of our management
team, will help guide Phoenix’s transformation in the rapidly
developing EV revolution on our new public company platform.”
Lewis Liu brings over 30 years of experience, primarily in
electric vehicles, EV infrastructure, eMobility, automotive
advisory, supply chain and operations management. Lewis most
recently served as VP of Business Development & Strategy,
Corporate Process Executive at Karma Automotive, an Irvine,
CA-based EV manufacturer. Previously, Mr. Liu was a founding team
member at AiKar, an EV technology start-up, Head of the Global
Charging Business and Head of Strategic Partnerships for Faraday
Future, and Lead Director of the automotive practice for KPMG
Advisory (China) in Beijing. Lewis earned his MBA in Finance from
the University of Chicago, his MS in Artificial Intelligence from
the University of Mississippi and his BS in Computer Science from
Beijing Polytechnic University.
Mark Hastings also brings more than 30 years of experience,
having spent his career on Wall Street and in the automotive and
energy sectors. Mark joins Phoenix from Rodo, a New York-based
automotive fintech start-up, where he was Vice President of Finance
and Insurance. Previously, Mr. Hastings’ career in the investment
community was spent on the buy-side as portfolio manager and head
of investor relations for energy/natural resources funds Geosphere
and Saugatuck Energy and as analyst at SAC Capital. Before moving
to the buy-side, Mark was a sell-side equity research analyst at
Deutsche Bank and Merrill Lynch and an auditor at Exxon in Houston.
He earned an MBA in Finance from the University of Tennessee and a
BA in Economics from the University of Virginia.
About Phoenix Motor Inc.
Phoenix Motor Inc., a pioneer in the electric vehicles ("EVs")
industry, through its wholly owned subsidiaries, designs,
assembles, and integrates electric drive systems and light and
medium duty EVs, which to date have accumulated over 3,000,000
electric miles driven. In addition, Phoenix markets and sells
electric vehicle chargers for the commercial and residential
markets.
Phoenix intends to be a leading designer, developer and
manufacturer of electric vehicles and electric vehicle
technologies. Phoenix operates two primary brands, "Phoenix
Motorcars" focused on commercial products including medium duty
EVs, chargers and electric forklifts, and "EdisonFuture" which
intends to offer light-duty EVs. As an EV pioneer, the Company
delivered its first commercial EV and deployed the very first zero
emission airport shuttle bus at the Los Angeles International
Airport in 2014, which has grown to 39 electric shuttle buses
today, one of the largest fleets of its kind. The Los Angeles Air
Force Base in El Segundo and NASA’s Jet Propulsion Laboratory in
Pasadena, California are among the customers for the Company’s
first-generation E Series Zeus EVs. For more information, please
visit: www.phoenixmotorcars.com and www.edisonfuture.com.
Forward-Looking Statements
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220803005589/en/
Investor Relations Contacts: Mark Hastings, SVP &
Head of Investor Relations Sioban Hickie, ICR Inc.
PhoenixIR@icrinc.com
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