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Phoenix Motor Inc. Awarded California DGS Statewide Contract for Zero-Emission Buses

1. PhoenixEV awarded multi-category contract for battery electric buses in California. 2. This allows streamlined procurement for government agencies statewide.

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FAQ

Why Bullish?

The contract signals strong demand for PhoenixEV's products, similar to previous awards boosting stock prices of electric vehicle providers.

How important is it?

The contract impacts future revenues and market presence significantly, with potential for similar deals enhancing overall business outlook.

Why Long Term?

Securing a multi-category contract opens recurring revenue streams and strengthens market position, as seen with other successful EV contracts.

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TSLANKLACCIV
ANAHEIM, CA / ACCESS Newswire / May 5, 2025 / Phoenix Motor Inc. dba PhoenixEV, a leading manufacturer of all-electric, medium- and heavy-duty vehicles, is pleased to announce that it has been awarded a multi-category contract by the California Department of General Services (DGS) for Battery Electric Buses (BEBs). PhoenixEV has been selected for the following vehicle categories: Group 2 - 35-foot Battery Electric Bus (BEB) Group 3 - 40-foot Battery Electric Bus (BEB) Group 18 - Cutaway Battery Electric Bus (BEB) This award enables eligible state and local government agencies across California - including transit authorities, school districts, municipalities, and other public entities - to directly procure PhoenixEV's zero-emission buses through a simplified, pre-approved purchasing process.

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