Company: PTHL
Filing Date: 2025-04-22
Form Type: S-8
Source: 0001213900-25-034199
Chunk: 0

Company: Pheton Holdings Ltd
Filing Date: 2025-04-22
Form: S-8
Chunk 0
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<div align='center'>As filed with the U.S. Securities and Exchange Commission on April 22, 2025</div>

Registration No. 333-[ ]

<div align='center'>UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM S-8

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933</div>

| Pheton Holdings Ltd                                    |
| (Exact name of registrant as specified in its charter) |

| Cayman Islands                  |     | Not Applicable     |
| (State or other jurisdiction of 
 incorporation or organization)  |     | -I.R.S. Employer   
 Identification No. |

<div align='center'>Room 306, NET Building,

Hong Jun Ying South Road, Chaoyang District

Beijing, China

(Address of Principal Executive Offices) (Zip Code)

Pheton Holdings Ltd 2025 Equity Incentive Plan

(Full title of the plan)

Cogency Global Inc.

122 East 42nd Street, 18th Floor

New York, NY 10168

(Name and address of agent for service)

(800) 221-0102

(Telephone number, including area code, of agent
for service)

Copies to:

Ying Li, Esq.

Lisa Forcht, Esq.

Hunter Taubman Fischer & Li, LLC

950 Third Avenue, 19th Floor

New York, NY 10022

212- 530-2206</div>

Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company.
See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,”
and “emerging growth company” in Rule 12b-2 of the Exchange Act.

| Large accelerated filer | ☐ | Accelerated filer         | ☐ |
| Non-accelerated filer   | ☒ | Smaller reporting company | ☐ |
| Emerging growth company | ☒ |                           |   |

If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

<div align='center'>EXPLAN