Phoenix Motor Inc. (Nasdaq: PEV) (“Company” or “Phoenix”), a leader in manufacturing of all-electric, medium-duty vehicles, today announced the recent delivery of an all-electric, zero-emission service truck to the San Bernardino City Unified School District. The electric service truck was built on a Ford E-450 chassis powered by Phoenix Motorcars and will serve the school district. This electric vehicle was funded in part by the California HVIP voucher program.

“Our district's commitment to sustainability not only contributes to environmental conservation but also yields significant cost savings, allowing resources to be allocated towards enhancing educational programs and student supports. That’s a testament to our dedicated Board of Education, which truly values putting students first,” said Samuel Precie, Administrator of Operations, San Bernardino City Unified School District.

The Phoenix service truck is equipped with a 105-kWh battery pack offering up to 115-mile range and can be fully charged in two to three hours with a 50-kW Level III charger. The zero-emission truck, compared to its equivalent fossil fueled alternative, can reduce atmospheric emissions by ~61 tons per vehicle annually, reduce maintenance costs by 75% and lower fuel costs by 80%.

Phoenix has been a leader in medium duty electrification for over a decade. With 4 million all-electric miles driven on its zero emission drive systems, Phoenix has unparalleled experience and expertise helping public and private fleets successfully deploy and adopt electric vehicles, cleaning the air quality and providing clean, quiet and safe zero emission transportation and mobility for their companies and communities.

“Phoenix Motorcars is excited to bring a zero emission service truck into the school district’s fleet,” said Denton Peng, CEO of Phoenix Motorcars. “We are eager to work with the school district to further its goal for zero emission fleet trucks. Zero emission transportation and mobility is a key factor in helping create a sustainable future and it's our privilege to help reduce emissions and clean the air quality in the San Bernardino Valley. Our all-electric service truck offers a lower total cost of ownership for the school district as well, further justifying the switch to zero emissions from an economic standpoint.”

About San Bernardino City Unified School District

The mission of SBCUSD, the leading expert in human learning, is to ensure all students, cradle to career, develop the knowledge, skills, and proficiencies required for college, career, civic, and economic success by inspiring and engaging them in a system distinguished by:

• high expectations for student and staff performance
• vital partnerships with families, community, and employers
• culturally proficient schools
• learning experiences beyond traditional boundaries of where and when
• safe, respectful, and welcoming environments.

For more information about San Bernardino City Unified School District, please visit Home - San Bernardino City Unified School District (sbcusd.com)

About Phoenix Motor Inc.

Phoenix Motor Inc., a pioneer in the electric vehicle (“EV”) industry, designs, builds, and integrates electric drive systems and light and medium duty EVs and sells electric forklifts and electric vehicle chargers for the commercial and residential markets. Phoenix operates two primary brands, “Phoenix Motorcars”, which is focused on commercial products including medium duty EVs (shuttle buses, school buses, municipal transit vehicles and delivery trucks, among others), electric vehicle chargers and electric forklifts, and “EdisonFuture”, which intends to offer light-duty EVs. Phoenix endeavors to be a leading designer, developer and manufacturer of electric vehicles and electric vehicle technologies. For more information, please visit: www.phoenixmotorcars.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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