Xos Inc Stock Price, News & Analysis

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.

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.

Xos, Inc. (NASDAQ: XOS) has announced the appointment of Anousheh Ansari and Alice K. Jackson as independent directors to its board, effective December 17, 2021. Ms. Ansari will serve as a Class III director, with re-election slated for 2024, while Ms. Jackson will be a Class II director, up for re-election in 2023. Both bring extensive experience in technology and energy sectors. Their addition is aimed at enhancing governance and supporting Xos' mission to decarbonize commercial transportation.

Southern Glazer’s Wine & Spirits has signed a purchase order with Xos, Inc. for 10 electric Class 7 refrigerated beverage trucks, marking a significant step in its commitment to sustainability. The trucks will be deployed in the second half of 2022 from the Dallas/Ft. Worth distribution center. This initiative follows a successful pilot program in Arizona, earning Southern Glazer’s a sustainability award. The partnership aims to reduce environmental impact and increase efficiency within the beverage distribution sector.

Xos, Inc. (NASDAQ: XOS) has partnered with Merchants Fleet to supply electric step vans, advancing Merchants’ goal of 50% fleet electrification by 2025. The partnership is part of Merchants' $2B commitment to electrifying their fleet, which includes plans to purchase over 40,000 electric vehicles. The first 10 Xos electric step vans are set for delivery in 2022, facilitating last mile deliveries across North America. This collaboration not only underscores the shift towards electric mobility but also highlights Xos' role in meeting market demand for sustainable logistics solutions.