Welcome to our dedicated page for Xos news (Ticker: XOS), a resource for investors and traders seeking the latest updates and insights on Xos stock.
Xos, Inc. (NASDAQ: XOS) is an electric truck manufacturer, technology company, and fleet services provider focused on battery-electric commercial fleets. The news flow around Xos centers on its medium- and heavy-duty vehicle deliveries, mobile charging deployments, financial performance, and partnerships that support fleet electrification.
Company earnings releases provide regular updates on unit deliveries, revenue, gross margin, operating loss, and cash flow, along with commentary on cost discipline and operational efficiency. Investors following XOS news can see how the company reports progress on gross margin improvements, reductions in operating expenses, and periods of positive net cash provided by operating activities and free cash flow.
Xos news also covers product and market developments. Announcements have highlighted record quarterly deliveries and revenue, the role of major fleet customers, and the growing contribution of powertrain systems and Xos Hub mobile charging units. Other releases describe approvals of the Xos Hub for state-level incentive programs, such as California’s Clean Off-Road Equipment (CORE) Voucher Incentive Project, and explain how these incentives can reduce upfront costs for fleets.
Partnership updates are another key theme. Xos has reported collaborations with other electric truck manufacturers to provide mobile charging access, as well as a partnership with an energy technology platform to connect Xos Hub charging systems to grid services programs. These stories show how Xos positions its vehicles and mobile charging products within a broader electrification and energy ecosystem.
Visitors to this XOS news page can review earnings announcements, product and incentive updates, and partnership news in one place to understand how Xos is executing its strategy in electric commercial vehicles and mobile charging solutions over time.
Xos, Inc. (NASDAQ: XOS) has successfully delivered three Class 5 through Class 8 battery-electric vehicles to UniFirst in Southern California. This marks the initial rollout in a series of vehicle deliveries aimed at transitioning UniFirst’s fleet to electric, assisting them in reducing emissions. The remaining vehicles are slated for delivery in Boston later in 2022. Xos emphasizes the environmental and business benefits of this partnership, underscoring its commitment to providing sustainable transportation solutions.
Xos, Inc. (NASDAQ: XOS), a premier manufacturer of battery-electric vehicles and related technologies, will announce its Q4 2021 results on March 28, 2022, after market close. This will be followed by a conference call at 5:00 p.m. ET. The presentation will be available via a live Zoom webinar, accessible through Xos’ investor relations website. Xos focuses on providing zero-emission vehicles and fleet management solutions that are cost-efficient, specifically for commercial fleets operating on short daily routes.
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Xos, Inc. (NASDAQ: XOS) recently showcased a video featuring the collaboration with CITE Armored and Loomis, highlighting their partnership in developing fully-electric armored vehicles for cash-in-transit services. These vehicles leverage Xos' customizable X-Platform chassis and battery systems, boasting ballistic protection for safety. The collaboration has been ongoing since 2018, emphasizing reliability and safety in transporting valuables. CITE Armored recently celebrated its 20th anniversary, marking a long-term relationship with Loomis as its first customer.
Xos, Inc. (NASDAQ: XOS) has partnered with MHC Xos to enhance sales and service for electric vehicles across six states: Colorado, Illinois, Oklahoma, Missouri, Pennsylvania, and Texas. This strategic partnership aims to improve customer experience with dedicated service bays and a full inventory of replacement parts. The collaboration takes advantage of MHC's extensive dealership network, increasing Xos's reach. The initiative is expected to address the growing demand for commercial electric vehicles, emphasizing customer support and maximizing vehicle uptime.
Xos, Inc. (Nasdaq: XOS) reported preliminary results for Q4 2021, delivering 32 units and achieving revenue of $3.1 million, surpassing earlier projections of 15 to 25 unit deliveries and $1.7 to $3.0 million in revenue. CEO Dakota Semler highlighted the company’s resilience amid global supply chain disruptions and noted the installation of the next-generation Lyra Series™ battery packs in these deliveries. Xos plans to release complete financial results in March 2022, cautioning that preliminary figures may change upon final review.
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Xos at Manifest Conference 2022
On January 26, 2022, Giordano Sordoni, COO and Co-Founder of Xos, will speak at the Manifest logistics conference in Las Vegas. He will join other industry leaders to discuss commercial fleet electrification, addressing challenges, investments in charging infrastructure, and sharing success stories. Xos will also showcase its X-Platform chassis and Lyra Series™ battery at the event, emphasizing its commitment to zero-emission commercial vehicles designed for efficiency on short routes.
Xos, Inc. (NASDAQ: XOS) has appointed Mike Chaffins as the new Vice President of Supply Chain. With over 30 years of experience in the automotive industry, Chaffins will oversee the procurement and logistics strategies for the company's electric vehicle production. His previous roles include leadership positions at Nikola, Toyota, and Mercedes-Benz, enhancing Xos's capabilities in supply chain management. This leadership change aims to align with Xos's goals in manufacturing zero-emission vehicles.
Xos, Inc. (NASDAQ: XOS) has appointed Scott Zion as the Director of Medium Duty Vehicles, responsible for the strategy and execution of Class 6 and 7 electric vehicles. Zion brings extensive experience from Hino Motors and Navistar, where he contributed to vehicle electrification. CEO Dakota Semler expressed enthusiasm about Zion's appointment, citing his impressive automotive background. Xos focuses on manufacturing electric commercial vehicles and aims to provide zero-emission solutions that are cost-efficient compared to traditional combustion engines.