Phoenix Motor names Xiaofeng Peng as new CEO, shares rise
07/06/2023 16:52
** Shares of EV maker Phoenix Motor Inc PEV.O up as much
as 8.9% at $0.796
** On June 6, company's board appointed Chairman Xiaofeng
Peng to replace Lance Zhou as chief executive officer, effective
immediately
** Peng will continue to serve as chairman of board, in
addition to CEO duties
** Including session's gains, stock down 24.9% YTD
(Reporting by Amna Karimi in Bengaluru)
((Amna.Karimi@thomsonreuters.com; +91 8083261226;))
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