Articles from Xos, Inc.

LOS ANGELES, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQXOS), a leader in the electrification of fleets, is excited to announce a purchase order from Crown Linen Service, Inc., a leading provider of linen and uniform rental services. Crown Linen has ordered two fully electric 22' stepvans, reflecting its commitment to sustainability and reducing its environmental impact.

Delivered fifth consecutive quarter of positive gross margins

LOS ANGELES, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQXOS), a leading electric truck manufacturer and fleet services provider, announced it is scheduling the release of its third quarter 2024 operating results for Wednesday, November 13, 2024 after the close of the U.S. financial markets.

LOS ANGELES, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQXOS), a leading manufacturer of fully electric commercial vehicles, today announced the launch of the 2025 Xos SV Stepvan, featuring two new wheelbase options: 158" and 208". These additions complement the existing 178" wheelbase, offering fleet operators enhanced flexibility to meet their specific operational needs.

Achieved 45% quarter-over-quarter and 137% year-over-year growth in unit deliveries 

LOS ANGELES, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQXOS), a leading electric truck manufacturer and fleet services provider, announced it is rescheduling the release of its second quarter 2024 operating results to Tuesday, August 13, 2024 after the close of the U.S. financial markets.

LOS ANGELES, July 11, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQXOS), a leading electric truck manufacturer and fleet services provider, announced it will release its second quarter 2024 operating results on Monday, August 12, 2024 after the close of the U.S. financial markets.

LOS ANGELES, June 25, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQXOS), a leader in the electrification of fleets, is excited to announce the delivery of Xos SV Stepvans and comprehensive charging solutions to Morgan Services, a family-owned textile company. This delivery introduces Morgan Services to their first set of Class 6 battery-electric stepvans from Xos, with additional orders placed for their facilities in Los Angeles and San Diego.

LOS ANGELES, May 02, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQXOS), an industry-leading commercial electric vehicle manufacturer, has received official approval from the California Air Resources Board (CARB) for the 2024 Xos SV Battery Electric Stepvan to be listed on the Clean Truck and Bus Voucher Incentive Program (HVIP) catalog. The HVIP incentive, starting at a base amount of $85,000, offers Xos a significant opportunity to provide their innovative 2024 Xos SV Battery-Electric Stepvan at a reduced upfront cost to customers.

LOS ANGELES, April 22, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQXOS), a leading electric truck manufacturer and fleet services provider, announced it will release its first quarter 2024 operating results on Wednesday, May 15, 2024 after the close of the U.S. financial markets.

LOS ANGELES, April 04, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQXOS), a leading electric truck manufacturer and fleet electrification services provider, is excited to announce the release of the 2024 Xos SV Stepvan. This latest model boasts a range of new features and improvements, making it the most advanced and versatile stepvan from Xos to date.

LOS ANGELES, March 26, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQXOS), a leading electric truck manufacturer and fleet electrification services provider, today announced that it has closed its acquisition of ElectraMeccanica Vehicles Corp. NASDAQ: SOLONASDAQSOLO)

LOS ANGELES, March 14, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQXOS), a leading electric truck manufacturer and fleet services provider, announced it will release its fourth quarter and full year 2023 operating results on Thursday, March 21, 2024 after the close of the U.S. financial markets.

LOS ANGELES, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQXOS), a leading provider of medium-duty electric vehicles, charging infrastructure, and fleet management software, is pleased to announce that it has received a purchase order from Mission Linen Supply, a leading provider of products and services to hospitality, healthcare, and industrial businesses, for 22’ stepvans.

LOS ANGELES, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQXOS), a leader in the electrification of fleets, today announced the next generation of their mobile charging unit, The Xos Hub™. This rapidly deployable charging unit is designed to help expedite the electrification of fleets. Xcel Energy, a leading clean energy provider, has signed a purchase order securing two of the new Hubs to use at its remote worksites.

LOS ANGELES, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Xos, Inc. (Nasdaq: XOS) today announced it ranked #51 on the Deloitte Technology Fast 500™, a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 29th year. Xos’s ranking was based on revenue growth of 3,071% from 2019 to 2022.

Webcast Scheduled for January 24 at 9:15am ET

Proposed Transaction Anticipated to Significantly Strengthen Xos’ Balance Sheet and Provide Growth Capital to Further Expand Xos’ Gross Margin Positive Vehicle Business

LOS ANGELES, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Xos, Inc. (Nasdaq: XOS), a leading electric truck manufacturer and fleet electrification services provider, today announced that it intends to effect a 1-for-30 reverse stock split of its issued and outstanding shares of common stock, effective at 5:00 p.m. Eastern Time on December 6, 2023. Beginning on December 7, 2023, Xos’ common stock with the ticker symbol “XOS” will continue to trade on the Nasdaq Capital Market (“Nasdaq”) on a split-adjusted basis under the new CUSIP number 98423B 306. Xos’ publicly traded warrants will continue to trade on Nasdaq under the symbol “XOSWW” and the CUSIP number for the warrants will remain unchanged.

LOS ANGELES, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQXOS), a leading electric truck manufacturer and fleet electrification services provider, today announced Penske Truck Leasing has added Xos 100% battery-electric trucks to its fleet. Penske will deploy the trucks with multiple customers in various industries.

LOS ANGELES, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQXOS), a leading electric truck manufacturer and fleet services provider, announced it will release its third quarter 2023 operating results on Thursday, November 9, 2023 after the close of the U.S. financial markets.

Xos has delivered 105 units in the third quarter to multiple global fleets and parcel delivery operators.

LOS ANGELES, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQXOS) is proud to announce that their 2023 Xos SV is eligible for impressive incentives in place by both federal and state governments. With IRS approval as a qualified manufacturer for the Commercial Clean Vehicle Credit, Xos customers are eligible to receive up to a $40,000 tax credit for deliveries of all Xos Stepvans until the program ends in 2032.

LOS ANGELES, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQXOS) is pleased to announce that its stepvans are now eligible for the Incentives for Medium- and Heavy-Duty Zero-Emission Vehicles Program (iMHZEV) from the Government of Canada. This significant development marks a milestone in the company's commitment to advancing the adoption of electric vehicles in Canada.

LOS ANGELES, Sept. 14, 2023 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQXOS) is pleased to announce the delivery of 100% battery-electric stepvans to several parcel and delivery independent service providers in Tennessee and California. The vehicles delivered are supported by continued collaboration with Thompson Truck Centers, a leading commercial truck dealer and longtime dealer partner with Xos.

Xos is now contracted with the State of California (CA), offering sustainable electric stepvans for CA state and local agencies

Xos Revolutionizes Commercial Vehicle Updates with Over-the-Air Capabilities

Xos Hub Now Eligible for CARB's CORE Incentive, saving customers $160K

Xos has successfully demonstrated the capability of the Xos Hub across multiple use cases and electric vehicles in California

Xos Hires Experienced Vice Presidents to Lead Tennessee Manufacturing Facility

Leading uniform and facility services company orders 30 additional Xos vehicles and charging solutions across three locations

LOS ANGELES, July 27, 2023 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQXOS), a leading electric truck manufacturer and fleet services provider, today announced it will release its second quarter 2023 operating results on Thursday, August 10, 2023, after the close of the U.S. financial markets.

Continued progress on path to gross margin positive at a unit level by mid-2023

60% increase in charger output from first generation Hub results in faster charge times for EVs

LOS ANGELES, April 26, 2023 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQXOS), a leading electric truck manufacturer and fleet services provider, today announced it will release its first quarter 2023 operating results on Wednesday, May 10, 2023, after the close of the U.S. financial markets.

Winter performance testing validates vehicle performance of the 2023 Xos Stepvan in cold climates

Leading uniform and linen company received 30 Xos vehicles across Q1 2023; emphasizes sustainability focus and supportive regulatory tailwinds for the transition to electric vehicles

Revenue increased more than six times year-over-year

$45 million state voucher program aims to reduce harmful emissions caused by transportation industry

LOS ANGELES, March 13, 2023 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQXOS), a leading technology company that provides fleet services, software solutions, and manufactures Class 5 through Class 8 battery-electric commercial vehicles, today announced it will release its fourth quarter and full year 2022 operating results on Wednesday, March 29, 2023, after the close of the U.S. financial markets.

New Stepvan platform significantly reduces the Company’s unit production costs while providing technology capabilities that enable greater savings in total cost of ownership for fleet operators

Trucking industry veteran to lead service, parts, distribution, and customer experience teams

Mobile app allows fleet owners and operators to manage the health and performance of their battery-electric fleets on the go

Cash and high-value item transportation services company installs first Xos charging infrastructure at Southern California location

LOS ANGELES, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQXOS), a leading technology company which provides fleet services, software solutions, and manufactures Class 5 through Class 8 battery-electric commercial vehicles, today published its 2022 year-end video. The video celebrates accomplishments made starting at the beginning of Q4 2021 through the end of Q3 2022. Particular highlights include an increase in truck deliveries, the unveiling of new vehicles MDXT™ and HDXT™, the Xosphere™ fleet management platform, and Xos DC Fast Chargers, and more.

Delivery driver Jessey Ray Hughes shares thoughts on driving an Xos stepvan

Stepvans to be deployed across five California facilities of the global uniform and linen rental services company

Foley to offer full suite of Xos vehicles and service in Western Kansas

Revenue increased by 12% quarter-over-quarter

LOS ANGELES, Oct. 28, 2022 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQXOS), a leading technology company that provides fleet services, software solutions, and manufactures Class 5 through Class 8 battery-electric commercial vehicles, today announced it will release its third quarter 2022 operating results on Thursday, November 10, 2022, after the close of the U.S. financial markets.

Clean technology industry veteran brings extensive experience to Xos Board

LOS ANGELES, Oct. 05, 2022 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQXOS), a leading technology company that provides fleet services, software solutions, and manufactures Class 5 through Class 8 battery-electric commercial vehicles, today announced it delivered a total of 88 units to customers during the third quarter of 2022. Xos had previously provided a second half of 2022 guidance range of 150 to 200 units delivered and is on track for its deliveries to fall within that range.

Stepvans deployed to two California-based cities for the returning customer

Stepvans deployed across four different FedEx Ground Operators in four states

LOS ANGELES, July 28, 2022 (GLOBE NEWSWIRE) -- Xos, Inc. (NASDAQXOS), a leading manufacturer of 100% battery-electric Class 5 to Class 8 commercial vehicles, today announced it will release its second quarter 2022 operating results on Thursday, August 11, 2022, after the close of the U.S. financial markets.

Yearly Expo hosted by Route Consultant brings together FedEx Ground Service Providers and Amazon Delivery Service Partners from across the U.S.

Xos, Inc. (“Xos”), a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles, today announced that it has completed its previously announced business combination with NextGen Acquisition Corporation (NASDAQ: NGAC, “NextGen”) to take Xos public. The combined company has been renamed “Xos, Inc.” and its shares will commence trading on the Nasdaq Capital Market on August 20, 2021 under the ticker symbol “XOS”. NextGen’s shareholders approved the business combination at a special meeting of stockholders on August 18, 2021.

Xos, Inc., a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles that has announced a planned business combination with NextGen Acquisition Corporation (NASDAQ: NGAC, “NextGen”), today unveiled Xos Hub™ (“Xos Hub”), a mobile charging station to help its fleet customers access charging infrastructure at their fleet yard without having to wait for traditional infrastructure installation. Xos Hub is part of the larger service offering of Xos Energy Solutions, a new business unit within Xos. Xos Energy Solutions provides comprehensive infrastructure services to small and large fleets to accelerate large-scale deployments of commercial electric vehicles. The services include Xos Hub, the mobile charging station, and Xos Serve, an on-demand infrastructure-as-a-service platform that includes site evaluations, energy storage development and installation and energy management services.

Xos, Inc. (“Xos”), a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles that has announced a planned business combination with NextGen Acquisition Corporation (NASDAQ: NGAC, “NextGen”), today announced that Xos has signed agreements with FedEx Ground operators to deliver 120 zero emission electric trucks across 35 different FedEx Ground operators based in California, New York, New Jersey, Massachusetts, and Texas. Delivery of these vehicles is expected to occur in Q4 2021 and 2022. Discussions regarding additional vehicle deliveries in 2022 and 2023 to these customers, as well as additional FedEx Ground operators in these and other states, are ongoing.

Xos, Inc. (“Xos”), a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles that has announced a planned business combination with NextGen Acquisition Corporation (NASDAQ: NGAC, “NextGen”), today announced that the Xos stepvan has successfully completed a key durability test at an automotive test track and proving grounds in New Carlisle, Indiana.

NextGen Acquisition Corporation (NASDAQNGAC) (“NextGen”) today announced its Registration Statement on Form S-4 in connection with the previously announced business combination (the “Business Combination”) with Xos, Inc. ("Xos" or the "Company"), a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles, has been declared effective by the Securities and Exchange Commission (the “SEC”).

Xos, Inc. (“Xos”), a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles that has announced a planned business combination with NextGen Acquisition Corporation (NASDAQ: NGAC, “NextGen”), today announced the hiring of two senior engineering leaders, Justin Yee and Mathew Freiheit. Mr. Yee has been appointed Director of Advanced Vehicle Engineering for Xos and Mr. Freiheit has been appointed Xos’ Chief Engineer.

Xos, Inc., a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles ("Xos"), and NextGen Acquisition Corporation (NASDAQNGAC) (“NextGen”), a special purpose acquisition company that recently announced a planned business combination with Xos, today announced the nominees for the board of directors of the combined company (“New Xos”).

Xos, Inc. ("Xos" or the "Company"), a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles that has announced a planned business combination with NextGen Acquisition Corporation (NASDAQNGAC) (“NextGen”), today announced that Dakota Semler, Co-Founder and Chief Executive Officer of Xos, will speak at the annual Route Consultant Contractor Expo, the largest independent gathering for FedEx contractors in the country. The Expo will be hosted in Nashville, Tennessee and will run from Friday, July 30 to Saturday, July 31, 2021.

Xos, Inc. ("Xos" or the "Company"), a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles that has announced a planned business combination with NextGen Acquisition Corporation (NASDAQNGAC) (“NextGen”), on Tuesday, July 13, 2021 at 11 a.m. Eastern Time participated in an ICR De-SPAC webinar hosted by Wedbush Securities Managing Director and Technology Analyst Dan Ives, and today shared a replay of the webcast.

Xos, Inc. ("Xos" or the "Company"), a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles that has announced a planned business combination with NextGen Acquisition Corporation (NASDAQNGAC) (“NextGen”), today announced that it will participate in an ICR De-SPAC webinar on Tuesday, July 13, 2021 at 11 a.m. Eastern Time hosted by Wedbush Securities Managing Director and Technology Analyst Dan Ives.

Xos, Inc. ("Xos" or the "Company"), a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles that has announced a planned business combination with NextGen Acquisition Corporation (NASDAQNGAC) (“NextGen”), today announced that Dakota Semler, Co-Founder and Chief Executive Officer of Xos, will participate in a virtual fireside chat hosted by FreightWaves, a supply chain intelligence platform that provides data on activity, pricing and risks in the global freight market, at the FreightWaves Autonomous & Electric Vehicles Summit on July 14, 2021.

Xos, Inc., a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles ("Xos" or the "Company") that recently announced a planned business combination with NextGen Acquisition Corporation (NASDAQNGAC) (“NextGen”), today announced a replay of the Analyst Day hosted on June 23, 2021 is available on the Company’s investor relations page: https://xostrucks.com/investors.

Xos, Inc., a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles that recently announced a planned business combination with NextGen Acquisition Corporation (NASDAQ: NGAC, “NextGen”), today highlighted how its strategic partnership with the Loomis Group (“Loomis”) to deliver fully electric armored vehicles for the transport of cash and other valuables has enhanced the delivery experience for Loomis drivers and improved Loomis’ environmental footprint.

Xos, Inc., a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles that recently announced a planned business combination with NextGen Acquisition Corporation (NASDAQ: NGAC, “NextGen”), today announced that they have signed an agreement to deliver three Xos electric step vans to UniFirst Corporation (NYSEUNF) as a test program with potential for additional vehicle purchases for use across the United States. This effort is part of UniFirst’s ongoing sustainability initiatives that include striving for more eco-conscious service delivery systems.

Xos, Inc., a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles ("Xos" or the "Company") that recently announced a planned business combination with NextGen Acquisition Corporation (NASDAQNGAC) (“NextGen”), highlighted how its flex manufacturing strategy, factory management systems and line design will reduce costs, development time and footprint across all stages of the manufacturing process.

Xos, Inc., a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles ("Xos" or the "Company") that recently announced a planned business combination with NextGen Acquisition Corporation (NASDAQNGAC) (“NextGen”), today announced that Powered by Xos™ (“Powered by Xos”), the company’s recently announced powertrain division, has secured an order from repeat Xos customer Wiggins Lift Co., Inc. (“Wiggins”), bringing the total number of powertrain systems to 38 powertrain systems to be delivered this year.

Xos, Inc., a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles ("Xos" or the "Company") that recently announced a planned business combination with NextGen Acquisition Corporation (NASDAQNGAC) (“NextGen”), today announced that it has established Powered by Xos™ (“Powered by Xos”), a new powertrain division that will operate under the leadership of industry veteran Brett Wilson.