Xos Inc Stock Price, News & Analysis

Xos, Inc. (NASDAQ: XOS) has appointed Kirk Rasmussen as the new Director of Electrical Engineering. Rasmussen, a veteran with over 30 years of experience in the automotive industry, previously worked with GM and Fisker. His expertise is expected to enhance Xos' electrical engineering function, aiding in the development of fully electric commercial vehicles. The company focuses on decarbonizing commercial trucking fleets, aiming for cost-competitive solutions that exceed traditional vehicles in total cost of ownership.

Xos, Inc. (NASDAQ: XOS) announces an outreach initiative to local trade schools, highlighted by a visit to the Los Angeles Technical Trade College. This visit involved interactions with 20 students from the Advanced Transportation and Manufacturing department, aiming to inspire interest in electric vehicle technology. CEO Dakota Semler emphasized the importance of investing in local talent for the zero-emission transportation industry. The program seeks to develop career paths in electric vehicle services, reinforcing Xos's commitment to decarbonizing commercial trucking fleets.

Xos, Inc. (NASDAQ: XOS) has been recognized as a Regional Timmy Award Winner in the Best Tech for Good category, highlighting their role in using technology to combat climate change. This award, determined by industry votes, celebrates companies making significant community impacts. Xos specializes in electric commercial vehicles and aims to decarbonize transportation, focusing on reducing diesel emissions. They will compete in the final round for the Timmy Award, with winners announced on October 28th.

Xos, Inc. has announced a strategic collaboration with Cox Automotive Mobility to enhance the remanufacturing of battery packs nearing the end of life. The partnership will utilize Cox's EV battery service centers, leveraging Spiers New Technologies' capabilities to support Xos' sustainability objectives, thereby extending the product life cycle. This initiative aims to reduce carbon footprints and improve cost-efficiency in electric vehicle manufacturing. Rob Ferber, Xos' CTO, expressed excitement over the collaboration, emphasizing its relevance in creating durable electric vehicles.

Xos, Inc. (Nasdaq: XOS), a manufacturer of electric commercial vehicles, announced on August 27, 2021, the successful completion of its merger with NextGen Acquisition Corp., resulting in net proceeds of $216.7 million. This capital will enhance Xos' strategic initiatives, including the expansion of its manufacturing facilities and investment in R&D. The company aims to decarbonize commercial fleets with its zero-emission vehicles designed for medium and heavy-duty applications.

Xos, Inc. has appointed Henry Kwon as the new Head of Investor Relations, effective August 16, 2021. Kwon brings over 25 years of experience in the automotive and financial sectors, with a focus on the electric vehicle industry. His role involves developing strategies to enhance investor relationships and support Xos's growth as a public company. CFO Kingsley Afemikhe emphasized Kwon's expertise in scaling automotive businesses globally, which is vital as Xos aims to electrify commercial trucking fleets.

LOS ANGELES, Aug. 24, 2021 (GLOBE NEWSWIRE) -- Xos, Inc., a prominent manufacturer of electric commercial vehicles, rang the closing bell at the Nasdaq Stock Market today to commemorate its listing on the Nasdaq Capital Market, which occurred on August 20, 2021. Management noted that this public listing enhances visibility for their zero-emission electric fleet solutions. Co-Founder Dakota Semler emphasized the importance of this milestone for advancing electrification in the commercial vehicle market. The event showcased gratitude towards employees and stakeholders for their support in this new chapter of growth.

Xos, Inc. has completed its business combination with NextGen Acquisition Corporation, becoming a public company. Trading under the ticker symbol 'XOS' on Nasdaq starts August 20, 2021, following shareholder approval on August 18, 2021. Xos specializes in fully electric commercial vehicles, targeting a $100 billion market with a 6,000-unit backlog of orders. The company emphasizes sustainability, offering vehicles that reduce total cost of ownership. BofA Securities and Goldman Sachs advised on the transaction, which positions Xos for strong growth amidst rising demand for electric vehicles.