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. has announced its new Lyra Series™ of battery systems, featuring significant enhancements in energy density and performance. The Lyra 30™ and Lyra 60™ models, set for customer deliveries in Q4 2021, boast a 52% increase in gravimetric energy density and a 45% increase in volumetric energy density. Designed specifically for the commercial trucking market, these systems can be integrated with existing vehicles on Xos' modular chassis. The company's emphasis on in-house design and manufacturing aims to streamline operations and address supply chain challenges.
Xos, Inc. (NASDAQ: XOS) will announce its third-quarter financial results on November 11, 2021. The company specializes in electric commercial vehicles and aims to decarbonize trucking fleets. A conference call and webcast will occur at 5:00 p.m. Eastern Time, with management discussing the financial results followed by a Q&A session. The replay will be available post-call until November 27, 2021.
Xos, Inc. (NASDAQ: XOS) has been honored as the National Winner for the Timmy Awards’ Best Tech for Good, recognizing outstanding workplaces for technology professionals in North America. The award highlights Xos’ commitment to decarbonizing commercial transportation and improving community health. Xos was previously awarded the Regional Winner for Southern California on October 5, advancing to compete nationally where the winners were announced on October 28. This recognition underscores Xos’ mission to provide cost-effective, zero-emission vehicles while promoting environmental sustainability.
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.
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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.
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