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Friday, Jul 10, 2026

CONSUMER: LANCE ZHOU

CEO, PHOENIX MOTOR

WHY: Former CEO of Irvine luxury electric vehicle make Karma Automotive, brought on
by Anaheim upstart to make EV medium-duty vehicles including buses. Long range plans include solar-powered vehicles.

IN THE NEWS: Hired this year. June IPO priced shares at $7.50 each, raised $20M.

QUOTABLE: “We are taking all of these measures to position Phoenix Motorcars for tremendous growth in the quarters ahead as we capitalize both on our successful past experience, as well as the emerging industry tailwinds supported by recently-passed legislation in the U.S. and elsewhere encouraging this green energy transition.”

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